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jus tertii

jus tertii (j[schwa]s t[schwa]r-shee-I), n. [Latin] 1. The right of a third party. [Cases: Action 13; Federal Civil Procedure 103. 4. C.J.S. Actions §§ 57–63.] “[N]o defendant in an action of trespass can plead the jus tertii — the right of possession outstanding in some third person — as against the fact of possession in […]

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droit de suite

droit de suite (drwah d[schwa] sweet), n. [French “right to follow”] 1. A creditor’s right to recover a debtor’s property after it passes to a third party. 2. Copyright. An artist’s resale royalty; the right of a work’s creator to benefit from appreciation in the value of the work by receiving a portion of the

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material information

material information. Securities. Information that would be important to a reasonable investor in making an investment decision. • In the context of an “efficient” market, materiality translates into information that alters the price of a firm’s stock. Securities Exchange Act of 1934 § 10(b), 15 USCA § 78j(b); 17 CFR § 240.10b-5. [Cases: Securities Regulation

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doom

doom, n. Hist. 1. A statute or law. 2. A judgment; esp., a sentence in a criminal matter. 3. Justice; fairness. 4. A trial; the process of adjudicating. “The word ‘doom’ is, perhaps, best translated as ‘judgment.’ It survived in occasional use until the fourteenth century. Wyclif’s translation of the Bible, rendering the verse, ‘For

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damnum et interesse

damnum et interesse (dam-n[schwa]m et in-t[schwa]r-es-ee). [Latin] Scots law. The loss and damage sustained. “Damnum et interesse. — The loss and interest; or, as the words may also be translated, damage, and its issues or consequences. The words are used by Erskine in treating of the liability of cautioners who become bound to see a

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