assurance, n. 1. Something that gives confidence; the state of being confident or secure (self-assurance). 2. English law. See life insurance under INSURANCE (she obtained assurance before traveling abroad, naming her husband as the beneficiary). 3. The act of transferring real property; the instrument by which it is transferred (the owner’s assurance of the farm […]
Additional things of value to be provided under the terms of a contract, usu. unspecified in the contract, deed, or bill of sale, because they are too numerous to conveniently list, or to avoid public knowledge of the total amount of consideration. — Also termed other good and valuable consideration.
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charterparty. A contract by which a ship, or a principal part of it, is leased by the owner, esp. to a merchant for the conveyance of goods on a predetermined voyage to one or more places or for a specified period of time; a special contract between the shipowner and charterer, esp. for the carriage
executory interest. A future interest, held by a third person, that either cuts off another’s interest or begins after the natural termination of a preceding estate. Cf. REMAINDER. [Cases: Estates in Property 1. C.J.S. Estates §§ 2–5, 8, 15–21, 116–128, 137, 243.] “What is an executory interest? Here is a pretty good definition: An executory
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excommunication, n. Eccles. law. A sentence of censure pronounced by a spiritual court for an offense falling under ecclesiastical cognizance; expulsion from religious society or community. • In England, an excommunicated person was formerly subject to various civil disabilities, such as an inability to be a juror, to be a witness in any court, or
label, n. 1. Trademarks. An informative display of written or graphic matter, such as a logo, title, or similar marking, affixed to goods or services to identify their source. • A label may be put on the packaging or container of a manufactured product, or on the packaging or surface of a natural substance. [Cases:
thing. 1. The subject matter of a right, whether it is a material object or not; any subject matter of ownership within the sphere of proprietary or valuable rights. • Things are divided into three categories: (1) things real or immovable, such as land, tenements, and hereditaments, (2) things personal or movable, such as goods
forestall (for-stawl), vb. 1. To prevent (an event, result, etc.). 2. Hist. To intercept or obstruct (as a person on a royal highway). 3. Hist. To prevent (a tenant) from coming on the premises. 4. Hist. To intercept (as a deer reentering a forest). 5. Hist. To buy (goods) for the purpose of reselling at
more or less. (Of a quantity) larger or smaller. • This phrase often appears in deeds (the property contains 120 acres, more or less) and sometimes in contracts (seller’s wheat field will produce 50 bushels per acre, more or less). It qualifies a good-faith representation of quantity. By using the phrase, the parties mutually acknowledge