A business undertaking by two or more persons engaged in a single defined project. • The necessary elements are: (1) an express or implied agreement; (2) a common purpose that the group intends to carry out; (3) shared profits and losses; and (4) each member’s equal voice in controlling the project. — Also termed joint […]
Corn Products doctrine. Tax. The principle that a capital asset should be narrowly defined to exclude invento-ry-related property that is integrally tied to the day-to-day operations of a business. Corn Prods. Refining Co. v. C.I.R., 350 U.S. 46, 76 S.Ct. 20 (1955). [Cases: Internal Revenue 3178, 3230. 1. C.J.S. Internal Revenue § 110.]
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A department or other instrumentality of the executive branch of the federal government, in-cluding a government corporation and the Government Printing Office. • The Administrative Procedure Act defines the term agency negatively as being any U.S. governmental authority that does not include Congress, the courts, the government of the District of Columbia, the government of
si parcere ei sine suo periculo non potest (sIpahr-s[schwa]r-ee ee-IsI-nee s[y]oo-oh p[schwa]-rik-y[schwa]-loh non poh-test). [Latin] Roman law. If he could not spare him except at his own peril. • This phrase defined the circumstances in which a defendant could plead self-defense.
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A drug (such as heroin or nicotine) that, usu. after repeated consumption, causes physical dependence and results in well-defined physiological symptoms upon withdrawal. [Cases: Controlled Substances 9.]
praescriptio (pri-skrip-shee-oh), n. [Latin] Roman law. 1. A preliminary portion of a formula that defines the scope of action. 2. A defensive plea in an action to recover land by which the defendant asserts ownership based on continuous possession for a prescribed time. — Also termed (in sense 2) praescriptio longi temporis. Pl. praescriptiones (pri-skrip-shee-oh-neez).
obligee (ob-l[schwa]-jee). 1. One to whom an obligation is owed; a promisee, creditor, or donor beneficiary. 2. Under the Uniform Interstate Family Support Act, any person to whom a duty of support is owed. 3. Archaic. One who is obliged to do something; OBLIGOR(1). “Several dictionaries, such as The Random House College Dictionary (rev. ed.
cera impressa (seer-[schwa] im-pres-[schwa]). [Latin “impressed wax”] Hist. An impressed seal. • Cera impressa originally referred only to wax seals, but later came to include any impressed seal, regardless of the substance impressed. See SEAL. “The courts have held that an impression made on wafers or other adhesive substance capable of receiving an impression comes
An adjournment that does not schedule another meeting, but provides for reconvening the assembly at an officer’s or board’s call or under other defined circumstances.
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Water that oozes or seeps through the soil without a defined channel (such as rainwater or other water that has lost its status as part of a stream). • Percolating water usu. constitutes part of the land on which it is found. [Cases: Waters and Water Courses 101. C.J.S. Waters §§ 193, 195–197, 201–204.]