prout de lege (proh-[schwa]t dee [or di] lee-jee). [Law Latin] According to law. • Proof prout de lege is proof by any legal means, as distinct from proof limited to writing. — Also termed prout de jure (proh-[schwa]t dee [or di] joor-ee). “A proof prout de jure is a proof by all the legal means […]
joint venture. 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
lend-lease. A mutually beneficial exchange made between friendly parties; esp., an arrangement made in 1941, under the Lend-Lease Act, whereby U.S. destroyers were lent to Great Britain in exchange for Britain’s leasing of land to the United States for military bases. — Also termed lease-lend.
Federal National Mortgage Association. A privately owned and managed corporation chartered by the U.S. government that provides a secondary mortgage market for the purchase and sale of mortgages guaranteed by the Veterans Administration and those insured under the Federal Housing Administration. — Abbr. FNMA. — Also termed Fannie Mae. [Cases: United States 53(9).]
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Work that, under a contract, is to continue indefinitely until either party wishes to terminate it for some legitimate reason.
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Under the Fair Labor Standards Act, the employment of workers under the age of 16 in any occupation, or the employment of those 16 to 18 years old in particularly hazardous occupations. 29 USCA § 203(l); 29 CFR § 570.1(b). The Secretary of Labor may assess civil penalties of up to $10,000 per violation. 29
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clean-hands doctrine. The principle that a party cannot seek equitable relief or assert an equitable defense if that party has violated an equitable principle, such as good faith. • Such a party is described as having “unclean hands.” For example, § 8 of the Uniform Child Custody Jurisdiction Act contains an unclean-hands provision that forbids
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motion for summary judgment. A request that the court enter judgment without a trial because there is no genuine issue of material fact to be decided by a fact-finder — that is, because the evidence is legally insufficient to support a verdict in the nonmovant’s favor. • In federal court and in most state courts,
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Int’l law. The right of a foreign ship to pass through a country’s territorial waters; the right of a foreign vessel to travel through a country’s maritime belt without paying a toll. • The right of innocent passage is guaranteed in Article 17 of the United Nations Convention on the Law of the Sea. Passage
A broad-coverage commercial insurance policy covering a variety of general risks, esp. bodily injury and property damage to a third party for which the business entity is liable. • This policy was first offered in 1940. It has largely been replaced by the commercial-general liability policy. — Also termed CGL policy; general-liability policy. Cf. commercial
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