Search Results for: RULE, THE

rule of law

rule of law. 1. A substantive legal principle (under the rule of law known as respondeat superior, the employer is answerable for all wrongs committed by an employee in the course of the employment). 2. The supremacy of regular as opposed to arbitrary power (citizens must respect the rule of law). — Also termed supremacy […]

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informal rulemaking

Agency rulemaking in which the agency publishes a proposed regulation and receives public comments on the regulation, after which the regulation can take effect without the necessity of a formal hearing on the record. • Informal rulemaking is the most common procedure followed by an agency in issuing its substantive rules. — Also termed notice-and-comment

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ashwander rules

Ashwander rules. A set of principles outlining the U.S. Supreme Court’s policy of deciding constitutional questions only when necessary, and of avoiding a constitutional question if the case can be decided on the basis of another issue. • These rules were outlined in Justice Brandeis’s concurring opinion in Ashwander v. Tennessee Valley Authority, 297 U.S.

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per se rule

per se rule. Antitrust. The judicial principle that a trade practice violates the Sherman Act simply if the practice is a restraint of trade, regardless of whether it actually harms anyone. See SHERMAN ANTITRUST ACT. Cf. RULE OF REASON.

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floor plan rule

floor-plan rule. The principle by which a vehicle owner who has placed for sale a vehicle in a retail dealer’s showroom is estopped to deny the title of an innocent purchaser from the dealer in the ordinary course of retail dealing. [Cases: Estoppel 75. C.J.S. Estoppel §§ 118–119.]

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blockage rule

blockage rule. Tax. The principle that a large block of stock shares may be valued at less than the total value of the individual shares because such a large block may be difficult to sell at full price. [Cases: Internal Revenue 4534; Taxation 1072. C.J.S. Internal Revenue §§ 523, 646.]

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