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Infant

of age, whose acts are in many cases either void or voidable. See AGE. At Common Law, the contracts of infants are divided into three classes: 1st. Those which are absolutely void; such as are positively injurious

Indemnity

Indemnity, a contract, express or implied, to keep a person harmless from loss which that person may incur by reason of

Forward contract

Forward contract, means a transaction involving delivery, other than Cash or Tom or Spot delivery, of foreign exchange. [Foreign Exchange

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Impossibility

Impossibility. If a man contract to do a thing which is absolutely impossible by its nature, such contract will not bind him--lex non

Specific performance

lawfully agreed to be done ought to be done, and that damages at law for breach of the contract are not a sufficient com-pensation. The Common Law has not recognized this principle; it has only given damages

Broker

[fr. broceur, Fr., a person who breaks into small pieces], (1) an agent employed to make bargains and contracts between other persons in matters of trade, commerce and navigation, by explaining the intentions of both parties, and

Married women's property

57 Vict. c. 63), the (English) Bankruptcy Act, 1914 (4 & 5Geo. 5, c. 59), in relation to contracts, and the (English) Law of Property Act, 1925, provided that a married woman, whether married before or after

Uberrima fides

Uberrima fides [Lat.] (most abundant good faith). Contracts said to require uberrima fides are those entered into between persons in a particular relationship, as guardian and

Subject to contract

Subject to contract, does not mean 'subject to the approval by the parties' solicitors of a formal contract. On the other

Restraint of trade

Restraint of trade. Contracts in general restraint of trade--that is, that a party shall not carry on a particular trade at all--are

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