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lien

lien [Anglo-French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind] : a charge or encumbrance upon property for the satisfaction of a debt or other duty that is

Goodwill

v. Hunt as the 'sap and life' of the business. Architecturally, it has been described as the 'cement' binding together the business and its assets as a whole and a going and developing concern. A variety of

Parties

Parties, a suit under s. 92 of the code is thus a representative suit and as such binds not only the parties named in the suit-title but all those who are interested in the trust, R.

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Settled land

of settled estates, and also enabled tenants for life, without application to any court, to make certain leases binding on the parties in remainder. The Settled Estates Act, 1877 (40 & 41 Vict. c. 18), consolidated these

Tithe Rent-Charge

it. The landowner also, in case of a contract before the passing of the Act (March 26th, 1891), binding the occupier to pay tithe, might recover by distress on the occupier any sum he may have paid

Infant

comes of age; as a conveyance of lands, a promissory note, an account stated. 3rd. Those which are binding ab initio and need on ratification: such as contracts for the public service, Articles of apprenticeship [see Green

Insurance

possible loss, by entering into a contract with one who is willing to give assurance, that is, to bind himself to make good such loss should it occur. In this contract, the chances of benefit are equal

Trust for sale

Act, 1925, defines 'trust for sale' unless the context otherwise requires, in relation to land, as an immediate binding trust for sale whether or not exercisable at the request or with the consent of any person and

Crown

be construed as references to the Sovereign for the time being.' It is added, 'this Act shall be binding on the Crown,' the rule of construction being that the Crown is not bound by a statute [see

Married women's property

1925, s. 170)] without the intervention of a trustee; (2) should be capable of contracting, so as to bind her separate property as if she were a feme sole: (3) should bind her separate property by her

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