Search Results for: RULE, THE

carta mercatoria

Carta Mercatoria (kahr-t[schwa] m[schwa]r-k[schwa]-tor-ee-[schwa]). Hist. An English statute (enacted in 1303) establishing various rules that favored certain foreign merchants. • In exchange for paying customs duties, merchants received extensive trading rights throughout England, the power to export their mer-chandise, the liberty to dwell where they pleased, and certain legal rights. — Also termed Statutum de

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diarchy

diarchy. [fr. Greek dy “two” + archein “rule”] A government jointly ruled by two people, such as William and Mary of England. — Also termed duarchy; dyarchy. “Dyarchy. A term applied by Mommsen to the Roman principate … a period in which he held that sovereignty was shared between the princes and the senate. The

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executory devise

An interest in land, created by will, that takes effect in the future and depends on a future contingency; a limitation, by will, of a future estate or interest in land when the limitation cannot, consistently with legal rules, take effect as a remainder. • An executory devise, which is a type of conditional limitation,

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first sale doctrine

first-sale doctrine. 1. Copyright. The rule that the purchaser of a physical copy of a copyrighted work, such as a book or CD, may give or sell that copy to someone else without infringing the copyright owner’s exclusive distribution rights. • With regard to that physical copy, the copyright owner’s distribution right is said to

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vacate

vacate, vb. 1. To nullify or cancel; make void; invalidate (the court vacated the judgment). Cf. OVERRULE. 2. To surrender occupancy or possession; to move out or leave (the tenant vacated the premises).

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consensus

consensus. A general agreement; collective opinion. See general consent under CONSENT(2). “The regular method for the chair to use is to ask the members, ‘Is it the consensus of this meeting that … is agreed to?’ or, ‘Is it the will of the assembly that … is agreed to?’ or, ‘Is there an objection?’ Consensus

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hilton doctrine

Hilton doctrine. Civil procedure. The rule that in a dispute between parties to an oil-and-gas lease, royalty owners who would lose their rights if the defendant’s lease were terminated are regarded as indispensable parties to a proceeding challenging the lease. Hilton v. Atlantic Refining Co., 327 F.2d 217 (5th Cir. 1964). [Cases: Mines and Minerals

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