Commercial Unit - Law Dictionary Search Results
Bank
Bank, Commercially it is a place where money is deposited for the purpose of being lent out at interest, returned … of credit (by loan, overdraft) and other transactions such as the discounting of bills, dealing in foreign exchange, United Dominions Trust Ltd. v. Kinkwood, (1966) 2 QB 451. The national banks are now: (1) the Bank of
Property
included in the ordinary connotation of the word 'property', Chunni Lal v. State, AIR 1968 Raj 70. In commercial law this may carry its ordinary meaning of the subject-matter of ownership. But elsewhere, as in the sale … and it includes not only assets, but the organisation, liabilities and obligations of a going concern as a unit, Shri Krishna Gyanoday Sugar Ltd. v. State of Bihar, AIR 2003 SC 3436. Property, in indicative and descriptive
Hague conference
Higgins, Hague Conference. Means the convention on the service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters (The Hague, 15th November, 1965; (1969); Cmnd. 3986): RSC Ord. 11, r. 5(8). The convention does not … France, Federal Republic of Germany (including West Berlin), Israel, Japan, Luxembourg, Malawi, the Netherlands, Norway, Portugal, Swedan, the United Kingdom (including the Channel Islands, the Isle of Man, Antigua and all dependent territories except British Antarctic Territory
Keep your definitions linked to case research
lease
made see also sublease compare easement, license security interest at interest, tenancy NOTE: Article 2A of the Uniform Commercial Code, which governs leases where adopted, defines lease as “a transfer of the right to possession and use … : a lease used to convey to a member of a cooperative the exclusive possession of a residential unit true lease : a lease that resembles a security agreement but retains the attributes of a lease b
Goods
sales tax laws, Sunrise Associates v. Govt. of NCT of Delhi, (2006) 5 SCC 603, see Dictionary of Commercial Law by A.H. Hudson (1983 Edn.), also Sale of Goods Act, 1930, s. 2(7); Transfer of Property Act, … to conditions which further stipulated that exemption shall be granted only if the 'goods' released from 100% export-oriented units were brought directly in to the factory of the licensee and were 'used in the manufacture of the
Person
of individuals, whether incorporated or not. [General Clauses Act, 1897, s. 3(42)] Person, includes court, Chandrasekharan v. Deputy Commercial Tax Officer Arcot, (1973) Tax LR 1971. Person, includes family, Vijaya Anandrao Khirsagar v. State of Maharashtra, AIR … a human being as presented to public view usually with its appropriate coverings and clothing; a living individual unit; a being possessing or forming the subject of personality, Webster's Third New International Dictionary. Means any company or
Establishment
Establishment, includes a shop, commercial estab-lishment, workshop, farm, residential hotel, restaurant, eating house, theatre or other place of public amusement or entertainment. [Child … setting of such establishments in the states concerned and, according, each branch of the establishment was a separate unit and hence the branches of the appellant functioning in different parts of the country bad to be separately
trust
that is created for the purpose of making profit and that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the … charitable remainder trust : a trust that is either a charitable remainder annuity trust or a charitable remainder unitrust real estate investment trust : a business trust similar to a closed-end investment company except that it invests
lot
as one item (as in an auction sale) ;specif : a parcel or single article under the Uniform Commercial Code which is the subject matter of a separate sale, lease, or delivery whether or not it is … the appropriate authority or office (as a registry of deeds) 2 : a single article, a number of units of an article, or a parcel of articles offered as one item (as in an auction sale) ;specif
Joint venture
undertaking of a particular transaction for mutual profit or an association of persons or companies jointly undertaking some commercial enterprise wherein all contribute assets and share risks. It requires a community of interest in the performance of … Joint venture, The expression 'joint venture' is more frequently used in the United States. It con-notes a legal entity in the nature of a partnership engaged in the joint undertaking of
- ‹ Prev
- 1
- 3
- Next ›
- Last »
Try the research workspace - 7 days free