Acknowledgment Money - Law Dictionary

Acknowledgment-money

Acknowledgment-money, a sum formerly paid in some parts of England by copyhold tenants on the death of their lords, as a recognition of their new lords, in like manner as money is usually paid on the attornment of tenants. See COPYHOLDS....

Acknowledgment of debt or liability

Acknowledgment of debt or liability, is an admission that a debt is due or that some claim or liability is still in existence, so as to prevent the operation of the Statute of Limitations. The precise form of acknowledgment necessary in any particular case depends on the terms of the relevant statute. An acknowledgment or part payment after the statutory period will not revive a barred claim to land under s. 34 of the (English) Real Property Limitation Act, 1833 (3 & 4 Will. 4, c. 27), Kibble v. Fairhorne, (1895) 1 Ch 219, but an acknowledgment at anytime before action brought will revive actions, on debt grounded on simple contract, if in writing under 9 Geo. 4, c. 14, and for money charged on land under s. 40 of the Real Property Limitation Act, 1833: see re Clifden, Annaly v. Agar Ellis, 1900 (1) Ch 774. See LIMITATIONS, STATUTE OF....

Acknowledgement of a wife's assurance

Acknowledgement of a wife's assurance. If, before 1st January, 1925 [see (English) Law of Property Act, 1925, s. 167], a woman married before 1883 disposed of her estate or interest in lands or her revisionary interest in personal property she was required, unless her title thereto had accrued since 1882, or unless she was entitled thereto for her separate use to comply with the formalities prescribed by the (English) Fines and Recoveries Act, 1833 (3 & 4 Will. 4, c. 74), ss. 77-91, with regard to land, and by 20 & 21 Vict. C. 57, commonly called (English) 'Malins's Act,' which incorporated the procedure of the (English) Fines and Recoveries Act, with regard to reversionary interests in personal estate.The (English) Fines and Recoveries Act requiredthe acknowledgment to be made before two commissioners, but the 7th section of the (English) Conveyancing Act, 1882, substituted one only, and also dispensed with the affidavit and certificate of acknowledgment required by the former Act; se...

Acknowledgement

Acknowledgement, Under s. 18, Limitation Act, one of the essential requirements for a valid 'acknowledgement' is that the writing concerned must contain an admission of a subsisting liability. A mere admission of a past liability is not sufficient to constitute such an `acknowledgement'. Hence a mere recital in a document as to the existence of a past liability, coupled with a statement of its discharge, does not constitute an 'acknowledgement' within this section, Valliama Champaka Pillai v. Sivathanu Pillai AIR 1979 SC 1937 (1936): (1980) 1 SCR 354....

acknowledge

acknowledge -edged -edg·ing 1 : to indicate recognition and acceptance of [the power of taxation in the general and state governments is acknowledged to be concurrent "McCulloch v. Maryland, 17 U.S. 316 (1819)"] 2 a : to show by word or act that one has knowledge of and accepts responsibility for (a duty, obligation, or indebtedness) b : to admit paternity of [will the child as his] compare filiate 3 : to make known to a sender or giver the receipt of (what has been sent or given) or the fact of (one's having received what has been sent or given) [ receipt of a letter] 4 : to recognize as genuine so as to give validity : avow or admit in legal form [the execution of any such power of attorney shall be acknowledged before one of the officers "U.S. Code"] ...

acknowledgment

acknowledgment also ac·knowl·edge·ment n 1 a : the act of acknowledging b : the act of admitting paternity compare filiation 2 : a thing done or given in recognition of something received [an came in the mail] 3 a : a declaration or avowal of one's act or a fact to give it legal validity ;specif : a declaration before a duly qualified public officer (as a notary public) by a person who has executed an instrument that the execution was the person's free act and deed b : the formal certificate made by an officer before whom one has acknowledged a deed including as an essential part the signature and often the seal of the officer ...

Money

Money, means current coin; metal stamped in pieces as a medium of exchange and measure of value. Hence, anything serving the same purpose as coin, late ME. In mod. use applied indifferently to coin and to such promissory documents representing coin as are currently accepted as a medium of exchange, Shorter Oxford English Dictionary; see also C.I.T. v. Kasturi & Sons Ltd., (1999) 3 SCC 346.Money, the Black's Law Dictionary 5th Edn., defines the word 'money' thus: 'In usual and ordinary acceptation. It means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate, Lane v. Railey, 280 Ky 319, 133 SW 2d 74, 79, 81. See also Currency; Current money; Flat money; Legal tender; Near money; Scrip; Wampum. A medium of exchange authorized or adopted by a domestic or foreign Government as a part of its currency, VCC $1-2-1(24).' Stroud's Judicial Dictionary, 5th Edn., defines it as follows: 'Money as cu...

Money Bill

Money, means current coin; metal stamped in pieces as a medium of exchange and measure of value. Hence, anything serving the same purpose as coin, late ME. In mod. use applied indifferently to coin and to such promissory documents representing coin as are currently accepted as a medium of exchange, Shorter Oxford English Dictionary; see also C.I.T. v. Kasturi & Sons Ltd., (1999) 3 SCC 346.Money, the Black's Law Dictionary 5th Edn., defines the word 'money' thus: 'In usual and ordinary acceptation. It means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate, Lane v. Railey, 280 Ky 319, 133 SW 2d 74, 79, 81. See also Currency; Current money; Flat money; Legal tender; Near money; Scrip; Wampum. A medium of exchange authorized or adopted by a domestic or foreign Government as a part of its currency, VCC $1-2-1(24).' Stroud's Judicial Dictionary, 5th Edn., defines it as follows: 'Money as cu...

Money lender

Money lender, a few disconnected and isolated transactions would not make a person engaged regularly in Money lending business, Ka Icildawallang v. U. Lokendra Sojour, AIR 1987 SC 2047. [Assam Money-lenders Act, (4 of 1934), s. 2(1)]--The (English) Money-lenders Act, 1900 (63 & 64 Vict. c. 51), by s. 6 defines the expression 'money-lender' therein as includingevery person whose business is that of money-lending, or who advertises or announces himself or holds himself out in any way as carrying on that business.but not including a pawnbroker (see that title), a Friendly, Building, or Loan Society (see those titles) or a corporation empowered by statute to lend money, orany person bona fide carrying on the business of banking or insurance or bona fide carrying on any business not having for its primary object the leading of money, in the course of which and for the purposes whereof he lends money; or any body corporate for the time being exempted from registration under this Act by order...

Money of account, money of measurement money of payment

Money Bill, cannot be introduced in the Council of States. [Constitution of India, Art. 109(1)]Money Bill, cannot be referred to Joint Committee, Rules of Procedure and Conduct of Business in Lok Sabha, 10th Edn., 2002, r. 74.Money Bill, in India, the Speaker endorses certificate on Money Bill, Rules of Procedure and Conduct of Business in Lok Sabha, 10th Edn., 2002, r. 96.Money Bill, is a Bill which contains only provisions dealing with the imposition, repeal, remission, alteration or regulation of taxation etc., Parliamentary Practice, Erskine May, 22nd Edn., 1997, p. 806.Money Bill, on a Bill being introduced in the Council at a subsequent stage if an objection is taken that the Bill is a Money Bill, the Chairman shall, if he holds the objects valid, direct the termination of further proceeding of the Bill. If Chairman is doubtful regarding the validity of the objection, he shall refer the matter to the Speaker whose decision on the matter shall be final, Rules of Procedure and Cond...

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