investigative detention
The holding of a suspect without formal arrest during the investigation of the suspect’s participation in a crime. • Detention of this kind is constitutional only if probable cause exists.
investigative detention Read More »
glossary
divided damages rule
divided-damages rule. Maritime law. The obsolete principle that when two parties are jointly liable to a third party for a tort, each party is liable for only half the damages. • The courts now apply a comparative-negligence standard. [Cases: Collision 143. C.J.S. Collision §§ 242, 245, 259, 261–262.] “For over a hundred years admiralty law
divided damages rule Read More »
malfunction theory
malfunction theory. Products-liability law. A principle permitting a products-liability plaintiff to prove that a product was defective by proving that the product malfunctioned, instead of requiring the plaintiff to prove a specific defect. • A plaintiff relying on the malfunction theory usu. must also prove that the product was not misused, and must disprove all
malfunction theory Read More »
bull market
A securities market characterized by rising prices over a prolonged period. — Also termed advancing market; strong market.
collateral inheritance tax
A tax levied on the transfer of property by will or intestate succession to a person other than the spouse, a parent, or a descendant of the decedent. Cf. legacy tax. [Cases: Taxation 856.1. C.J.S. Taxation §§ 1783–1785, 1792.]
collateral inheritance tax Read More »