external act
An act involving bodily activity, such as speaking.
Search Results for: external act
freedom of contract
The doctrine that people have the right to bind themselves legally; a judicial concept that contracts are based on mutual agreement and free choice, and thus should not be hampered by external control such as governmental interference. • This is the principle that people are able to fashion their relations by private agreements, esp. as
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freedom of contract
freedom of contract. The doctrine that people have the right to bind themselves legally; a judicial concept that contracts are based on mutual agreement and free choice, and thus should not be hampered by external control such as governmental interference. • This is the principle that people are able to fashion their relations by private
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active conduct
Behavior that involves a person doing something by exerting will on the external world. Cf. passive conduct.
externality
externality. (usu. pl.) A social or monetary consequence or side effect of one’s economic activity, causing another to benefit without paying or to suffer without compensation. — Also termed spillover; neighborhood effect. negative externality. An externality that is detrimental to another, such as water pollution created by a nearby factory. positive externality. An externality that
negative externality
An externality that is detrimental to another, such as water pollution created by a nearby factory.
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positive externality
An externality that benefits another, such as the advantage received by a neighborhood when a homeowner attractively landscapes the property.
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objective theory of contract
objective theory of contract. The doctrine that a contract is not an agreement in the sense of a subjective meeting of the minds but is instead a series of external acts giving the objective semblance of agreement. — Often shortened to objective theory. Cf. SUBJECTIVE THEORY OF CONTRACT; MEETING OF THE MINDS . [Cases: Contracts
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obsolescence
obsolescence (ob-s[schwa]-les-[schwa]nts). 1. The process or state of falling into disuse or becoming obsolete. 2. A diminution in the value or usefulness of property, esp. as a result of technological advances. • For tax purposes, obsolescence is usu. distinguished from physical deterioration. Cf. DEPRECIATION. [Cases: Taxation 348(4).] economic obsolescence. Obsolescence that results from external economic
military government
military government. Int’l law. The control of all or most public functions within a country, or the assumption and exercise of governmental functions, by military forces or individual members of those forces; government exercised by a military commander under the direction of the executive or sovereign, either externally during a foreign war or internally during
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