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bind

bind bound [band] bind·ing 1 a : to make responsible for an obligation (as under a contract) [agents have

arbitration

presenting it to an impartial third party or panel for a decision that may or may not be binding compare mediation final offer arbitration : interest arbitration in which the arbitrator must accept or reject the final

Bail

security is called bail, because the party arrested or imprisoned is delivered into the hands of those who bind themselves or become bail for his due appearance when required, in order that he may be safely protected

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Annexation

see Cook v. Sprig, 1899 AC 572. The financial liabilities of a conquered state are not after annexation binding on the conquering state. See West Rand Gold Mining Co. v. R., 1905 (2) KB 391. Occurs when

Landlord and tenant

by way or covenant or agreement, the implied covenant is excluded as a rule and the obligation becomes binding by privity of contract, so that the original contractors are bound during the whole term to each other

Bailment

them, or do something about them, gratis. Consult Wyatt Paine on Bailments; Chitty on Contracts. The subject-matter of contractual bailment has been dealt with in Chapter IX of the Contract Act, and s. 148 defines 'bailment' to

Equitable estates and interests

attached to the property itself; see Nesbit and Pott's Contract, (1905) 1 Ch 391: (1906) 1 Ch 386, binding not only the legal owner, but all persons deriving title under him, exept purchasers for value without notice.

Average

consignees of a cargo with the shipowners, when a general average loss has been sustained by the ship, binding the former to pay their proportion as soon as ascertained. (b) Particular average is damage, or loss to

will

of the parties [a mutual will executed in connection with an agreement based on sufficient consideration is both contractual and testamentary in nature "Pruss v. Pruss, 514 N.W.2d 335 (1994)"] called also counter will reciprocal will compare

power

be satisfied out of the donee's own interest power of acceptance : the power of an offeree to bind an offeror to a contract by accepting the offer power of mod·i·fi·ca·tion [mÄ -də-fə-kā-shən] : a power reserved

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