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patent

litigation] 3 : readily seen, discovered, or understood [a defect] [if no bad faith or abuse is ] compare latent pat·ent·ly adv [pat-nt] n 1 : an official document conferring a right or privilege : letters patent

party

can be made without the party's joinder, and whose nonjoinder will result in the dismissal of an action compare necessary party in this entry NOTE: Federal Rule of Civil Procedure 19 provides the courts with discretion in

paper

bearer paper : commercial paper that is freely negotiable by the holder and is made payable to bearer compare order paper in this entry chattel paper : paper that sets out both a buyer's obligation to repay

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prescription

determined by the law of a jurisdiction [gained title by ] see also easement by prescription at easement compare adverse possession at possession 2 in the civil law of Louisiana a : the running of a period

precedent

ahead of, come before] : prior in time, order, arrangement, or significance see also condition precedent at condition compare subsequent [pre-səd-nt] n : a judicial decision that should be followed by a judge when deciding a later

will

does not create a presumption of a contract not to revoke the will or wills "Maine Revised Statutes"] compare joint and mutual will in this entry NOTE: A joint and mutual will is a joint will, but

privilege

of the requirements of a position or office ;also : the affirmative defense that an action is privileged compare excuse absolute privilege : a privilege that exempts a person from liability esp. for defamation regardless of intent

profit

selling price of goods over their cost b : net income from a business, investment, or capital appreciation compare earnings, loss 2 : a benefit or advantage from the use of property see also mesne profits, profit

promise

gratuitous promise : a promise that is made without consideration and is usually unenforceable called also naked promise compare nudum pactum NOTE: A gratuitous promise may be enforceable under promissory estoppel. illusory promise : a purported promise

public law

legislature or within a particular subdivision of its jurisdiction : general law called also public act public statute compare local law 2 a : the area of law that deals with the relations of individuals with the

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