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Tenure

in an ancient borough are held of some lord by a certain rent. There were a great many customs affecting these tenures, the most remarkable of which was the custom of borough-English, evidently of Saxon origin, and

Magna Carta

collection of statutes in thirty-seven chapters, which are for the most part declaratory of our ancient and cherished customs, supplying, however, many of the deficiencies of the Common Law. 'Codes are not made; they make themselves,' said

letter of credit

letter of credit :a document issued to a beneficiary at the request of the issuer's customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in

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Hire-purchase agreement

the terms of the agreement. These types of agreements were originally entered into between the dealer and the customer and the dealer used to extend credit to the customer. But as hire-purchase scheme gained in popularity and

Common Law

the statute law. It depends for its authority upon the recognition given by our Law Courts to principles, customs, and rules of conduct previously existing among the people. This recognition was formerly enshrined in the memory of

Entering short

Entering short. When bills not due are paid into a bank by a customer, it is the custom of some bankers not to carry the amount of the bills directly to his

Shop

local authority. There are provisions dealing with the sale of confectionery and tobacco, and exemptions for exhibitions, etc. Customers in the shop before closing time may be served, or when the article is required in a case

Tenant-right

Tenant-right, in England--(1) a custom ensuring to an out-going tenant compensation from his landlord for not being able to reap the full benefit

Usage

vis-'-vis his caste which matters in discerning the contours of any 'usage'. 'Usage' is described as different from custom as there is no usage through inheritance though a right can be acquired by prescription. 'Usage in its

Inland revenue

and duties on property and income, houses, stamps, probates, legacies, etc., as distinguished from the portion derived by customs duties (see CUSTOMS) from imported commodities-such as foreign wine and spirits, tea, etc. It is supervised by (English)

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