An agreement whereby the insurance company agrees to pay an annuity beginning at a certain age if the insured survives beyond that age, or the value of the policy if the insured dies before reaching that age.
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spondet peritiam artis (spon-det p[schwa]-rish-ee-[schwa]m ahr-tis). [Latin “he guarantees his professional skill”] Hist. A personal promise to use the skill of one’s art. • This phrase is used in construction contracts to indicate an implied agreement to perform in a workmanlike manner.
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preferred-provider organization. A group of healthcare providers (such as doctors, hospitals, and pharmacies) that agree to provide medical services at a discounted cost to covered persons in a given geographic area. — Abbr. PPO. Cf. HEALTH-MAINTENANCE ORGANIZATION. [Cases: Health 294; Insurance 1259, 2501.]
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enact, vb. 1. To make into law by authoritative act; to pass (the statute was enacted shortly before the announced deadline). 2. (Of a statute) to provide (the statute of frauds enacts that no action may be brought on certain types of contracts unless the plaintiff has a signed writing to prove the agreement). —
concordat (kon- or k[schwa]n-kor-dat). 1. An agreement between a government and a church, esp. the Roman Catholic Church. [Cases: Religious Societies 29. C.J.S. Religious Societies §§ 36–37.] “The qualification of a treaty as a concordat depends only upon its object and purpose, not upon the name or outward form chosen by the parties. Although the
due consideration. 1. The degree of attention properly paid to something, as the circumstances merit. 2. See sufficient consideration under CONSIDERATION (1).
exclusive-dealing arrangement. An agreement requiring a buyer to purchase all needed goods from one seller. — Often shortened to exclusive dealing. See requirements contract under CONTRACT. [Cases: Monopolies 17(2.3); Sales 71(4). C.J.S. Monopolies §§ 93–95, 97–99; Sales §§ 178–180.]
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boundary. 1. A natural or artificial separation that delineates the confines of real property (the creek serves as a boundary between the two properties). See METES AND BOUNDS. [Cases: Boundaries 1–25. C.J.S. Boundaries §§ 2–63.] “The object of all rules for the establishment of boundaries is to ascertain the actual location of the boundary as
compromissum (kom-pr[schwa]-mis-[schwa]m), n. [Latin “mutual agreement”] Roman law. An agree-ment to submit a controversy to arbitration.
affidavit of good faith 〈美〉善意宣誓书 １某些司法区的制定法要求上诉人提交的宣誓书，以说明其提起上诉并非旨在拖延诉讼。在有些司法区，善意宣誓书也适用于对治安法官〔justice of the peace〕的判决提出的上诉；２某些司法区的制定法规定，作为提出和登记〔filing and recording〕动产抵押的前提条件，要求抵押人或其代理人或律师提交宣誓书，说明其提供抵押是诚实的，没有欺诈、阻碍或拖延债权人的意图。根据《统一担保法典》〔Uniform Security Code〕，对担保协议〔security agreement〕和财务状况陈述〔financing statement〕则都不需要提交宣誓书。
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