Stipulation - Definition - Law Dictionary Home Dictionary Definition stipulation

Definition :

Stipulation, bargain; also, a recognizance of certain fidejussors in the nature of bail, taken in the Admiralty Courts.

It is the highest and most authentic contract known to the Civil Law, entered into before the magistrate or public officer, through the medium of interrogatories and answers calculated to explain the nature and extent of the undertaking, to put the parties entering into it on their guard, and to show it to be their mature and deliberate act. It could not be impeached except for fraud or deceit, and could not be released or discharged except by an equally solemn proceeding, conducted by question and answer before the public functionary, called an acceptilation, Vinnius, 677; Sand. Just., 7th Edn. 332.