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Commercialism - Law Dictionary Search Results

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good faith

no knowledge or reason to know of any defect in the title. In section 1-201 of the Uniform Commercial Code good faith is defined generally as “honesty in fact in the conduct or transaction concerned.” Article 2

bank

payor bank that is handling for collection a negotiable instrument or a promise or order to pay money commercial bank : a bank organized chiefly to handle the everyday financial transactions of businesses (as through deposit accounts

partnership

agent and, traditionally, is jointly and severally liable for the tortious acts of any one of the partners. commercial partnership : trading partnership in this entry family partnership : a partnership in which the partners are members

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Personal office

the place where official business is transacted, a personal office in contradistinction to an office simpliciter or a commercial office would be a place where an outsider would not normally be admitted; commercial transactions would not take

Glass ware

meaning of the expres-sion 'glass ware' is 'articles made of glass' (see WEBSTER'S NEW WORLD DICTIONARY). However, in commercial sense glass ware would never comprise articles like clinical syringes, thermometers, lectometers, and the like which have specialised

Infrastructure

support commerce as well as economic and residential development, Black's Law Diction-ary, 7th Edn., p. 784. Includes industrial, commercial or social infrastruc-ture for the development of a Special Economic Zone, West Bengal Special Economic Zone Act, 2003,

Metal

forms evolved from the primary form and constituting distinct commodities marketable as such must be regarded as new commercial commodities. So construed, the only interpretation possible is that aluminium rolled products and extrusions are regarded as distinct

Month

to be lunar months, such time is to be computed by calendar months. By the rule of the commercial world a month is deemed to be a calendar month; and this rule is applied to bills of

Payable

2393: (1994) 4 SCC 276. The word payable must mean that will become payable, Durga Prosad Khaitan v. Commercial Tax Officer, AIR 1956 Cal 596 (598). The word 'payable' may signify an obligation to pay at a

Reserve and provision

the Act proceed on the basis of the formula of capital plus reserves - a formula well-known in commercial accountancy, it becomes essential to know the exact connotation of the two concepts 'reserve' and 'provision' and the

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