Collateral Promise - Law Dictionary Search Results
collateral promise
Matched in: Term collateral promise
promise
Matched in: Term promise
note
judgment against him or her without notice or a hearing : a note containing a confession of judgment collateral note : a note secured esp. by a collateral mortgage and pledged to secure an obligation of which … note 1 a : a written promise to pay a debt ;specif : promissory note in this entry bank note : a promissory note issued
Keep your definitions linked to case research
Consideration
for the promise. [Indian Contract Act, 1872 (9 of 1872), s. 2(d)] Consideration does not mean incidental or collateral examination of any matter by the Income-tax Officer in the process of assessment. There must be something in
Guarantee
profits of an undertaking falling short of a specified amount. [Constitution of India, Art. 366(13)] Guarantee, is in collateral engagement to answer for the debt, default, or miscarriage of another person, a promise to another as debtor
pledge
property as security for a debt or other obligation ;broadly : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee 2 a : property and esp. personal … the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee 2 a : property and esp. personal property that is used as security esp. upon delivery ;broadly :
Warranty
(s. 14). See RECOVERY. More generally, a warranty is any agreement either accompanying a transfer of property, or collateral to the contract for such transfer, see Lawrence v. Cassell, (1930) 2 KB 83, and Miller v. Cannon … Warranty, a guarantee or security; formerly a promise or covenant by deed by the bargainer, for himself and his heirs, to warrant and secure the bargainee
estoppel
nor reliance or ignorance by the other party 2 a : a bar to the relitigation of issues collateral estoppel : estoppel by judgment barring the relitigation of issues litigated by the same parties on a different … prosecution history estoppel promissory estoppel : an estoppel that prevents a promisor from denying the existence of a promise when the promisee reasonably and foreseeably relies on the promise and to his or her loss acts or
obligation
obligation 1 : a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment) ;also : the … Co., 521 N.W.2d 366 (1994)"] 2 : a debt security (as a corporate or government bond) see also collateralized mortgage obligation 3 : what one is obligated to do, satisfy, or fulfill: as a : a commitment
Limitation of actions and prosecutions
except in the case of mortgage debts which are now barred after twelve years, whether by covenant or collateral bond, by the R.P. Act, 1874, s. 8. See (English) CPC, 1833 (3 & 4 Will. 4, c. … s. 1, in actions of debt, or on the case grounded upon any simple contract, no acknowledgment or promise by words only shall be deemed sufficient evidence of a new or continuing contract whereby to take any
- ‹ Prev
- 2
- Next ›
- Last »
Try the research workspace - 7 days free