demand clause
demand clause. A provision in a note allowing the holder to compel full payment if the maker fails to meet an installment. Cf. ACCELERATION CLAUSE. [Cases: Bills and Notes 129(3). C.J.S. Bills and Notes; Letters of Credit§ 90.]
demand clause. A provision in a note allowing the holder to compel full payment if the maker fails to meet an installment. Cf. ACCELERATION CLAUSE. [Cases: Bills and Notes 129(3). C.J.S. Bills and Notes; Letters of Credit§ 90.]
Debtor’s Act of 1869. An English statute that, among other things, (1) abolished imprisonment for debt except in certain cases, as when a debtor owed a debt to the Crown or a debtor had money but refused to pay a debt, (2) abolished arrest by mesne process, that is, by compelling the defendant to appear
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exoneration (eg-zon-[schwa]-ray-sh[schwa]n). 1. The removal of a burden, charge, responsibility, or duty. 2. The right to be reimbursed by reason of having paid money that another person should have paid. 3. The equitable right of a surety — confirmed by statute in many states — to proceed to compel the principal debtor to satisfy the
de vasto (dee vas-toh), n. [Law Latin “of waste”] A writ allowing a reversioner or remainderman to compel a tenant for life or for years to appear and answer for the waste and resulting damage to the plaintiff’s inheritance. See WASTE (1).
delectus personae (di-lek-t[schwa]s p[schwa]r-soh-nee). [Latin “choice of the person”] The rule that when personal relations are important, a person cannot be compelled to associate with another person. • Based on this principle, a partner has the right to accept or reject a candidate proposed as a new partner.
blank bar. Hist. A plea in bar interposed by a defendant in a trespass action. • This type of plea was filed to compel the plaintiff to state exactly where the alleged trespass occurred. — Also termed common bar.
Immunity from prosecution for any event or transaction described in the compelled testimony. • This is the broadest form of immunity. [Cases: Criminal Law 42. C.J.S. Criminal Law §§ 78–86.]
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