The self-operative perfection of a purchase-money security interest without filing or without possession of the collateral. • The security interest is perfected simply by the attachment of the security interest, without any additional steps. See purchase-money security interest under SECURITY INTEREST. [Cases: Secured Transactions 83, 146. C.J.S. Secured Transactions §§ 10, 55, 103–105.]
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nonfeasance (non-feez-[schwa]nts), n. The failure to act when a duty to act existed. Cf. MALFEASANCE; MISFEASANCE; FEASANCE. [Cases: Municipal Corporations 735; Negligence 200. C.J.S. Municipal Corporations §§ 668, 671–672, 682; Negligence §§ 5–13, 15–20, 33, 64.] — nonfeasant, adj. — nonfeasor, n. “Hence there arose very early a difference, still deeply rooted in the law
wakening. Scots law. The revival of an action in which no steps had taken for at least a year and a day.
recorder. 1. Hist. A magistrate with criminal jurisdiction in some British cities or boroughs. 2. A municipal judge with the criminal jurisdiction of a magistrate or a police judge and sometimes also with limited civil jurisdiction. 3. A municipal or county officer who keeps public records such as deeds, liens, and judgments. court recorder. A
referral sales contract. A dual agreement consisting of an agreement by the consumer to purchase goods or services (usu. at an inflated price) and an agreement by the seller to compensate the consumer for each customer (or potential customer) referred to the seller. — Also termed referral sales agreement. Cf. PYRAMID SCHEME. [Cases: Consumer Protection
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A relationship between two or more relatives who are the same number of steps away from a common ancestor. [Cases: Descent and Distribution 22. C.J.S. Descent and Distribution § 26.]
perfect (p[schwa]r-fekt), vb. To take all legal steps needed to complete, secure, or record (a claim, right, or interest); to provide necessary public notice in final conformity with the law (perfect a security interest) ( perfect the title). [Cases: Secured Transactions 81. C.J.S. Secured Transactions §§ 3, 50–51, 53, 57, 62–64.]
majestas (m[schwa]-jes-tas), n. [Latin “supreme power”] Roman law. 1. The majesty, sovereign authority, or supreme prerogative of the state or sovereign; the supreme power of the people, esp. as represented by their highest representatives, the consuls, or the emperor. 2. The crime of treason. See crimen majestatis under CRIMEN. “Majestas…. From being an attribute of
A U.S. patent that describes and claims a series of process steps that, as a whole, constitutes a method of doing business. • Until 1998, methods for doing business were not expressly recognized as being patentable. In that year, the Federal Circuit Court of Appeals held in State Street Bank & Trust Co. v. Signature
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patent-term guarantee. An inventor’s statutory right to extend the term of a patent if the application was delayed by the U.S. Patent and Trademark Office. • The term can be extended up to five years if the application was delayed because of an interference proceeding or appellate review, or if the PTO missed a statutory
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