Divestment - Law Dictionary Search Results

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Devest, or divest

Devest, or divest [fr. de and vestis, Lat.], to deprive, to take away; opposite to invest, which is to deliver possession of anything to another....

divest [Anglo-French devestir, literally, to undress, from Old French desvestir, from de(s)-, prefix marking reversal + vestir to dress, from Latin vestire] : to deprive or dispossess (oneself) of property through divestiture di·vest·ment n ...

Divestment

The act of divesting...

Consideration

Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the person burdened with the obligation) or a stranger derives a benefit or advantage, or any labour detriment or inconvenience sustained or suffered by the promisee at the request, express or implied, of the promisor. See Laythoarp v. Bryant, 3 Scott 250; 2 Wms. Saund 137 h; Currie v. Misa, (1875) LR 10 Exch 153.Consideration is one of the facts which the courts require as evidence of intention, (a) that a person intends his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or for a transfer of property from one person to another. The nature or quality of the consideration which will be sufficient for these purposes varies with the nature of the transaction and in the absence of consideration the Courts will, except in the case of s...

Uses

Uses (History). A use is the intention or purpose, express or implied, upon which property is to be held. The Common Law treated the actual possessor for all purposes as the owner of the property. It was not difficult to find him out, since the possession of his estate was conferred upon him by a formal and notorious ceremony, technically called livery of seisin, which was performed openly and in the presence of the people of the locality.It soon became evident that the simple rules of the Common Law were stumbling-blocks to the complicated wants of an enterprising people.Hence ingenuity was sharpened to hit upon a device which should set at nought the rigidity of existing law and formalities.A system was found by the monastic jurists upon a model furnished by the Civil Law, which, by a nice adaptation, evaded, without overturning, the Common Law. Two methods of transferring realty began to co-exist in this country-the ancient Common Law system, and the later invention, which is denomi...

Reading-in

Reading-in. The title of a person instituted or licensed to any benefice with cure of souls or perpetual curacy will be divested unless be publicly read in the church of the benefice, on the first Lord's-day on which he officiates, the Thirty-nine Articles, with a declaration of his assent thereto, and to the Book of Common Prayer, Clerical Subscription Act, 1865 (28 & 29 Vict. c. 122), s. 7.. The title of a person instituted or licensed to any benefice with cure of souls or perpetual curacy will be divested unless be publicly read in the church of the benefice, on the first Lord's-day on which he officiates, the Thirty-nine Articles, with a declaration of his assent thereto, and to the Book of Common Prayer, Clerical Subscription Act, 1865 (28 & 29 Vict. c. 122), s. 7....

Alien

Alien [fr. alienigena, alibi natus, Lat.], a person not born within His Majesty's dominions and allegiance (q.v.). See definitions in the British Nationality and Status of Aliens Acts, 1914 and 1933, infra. At common law aliens were subject to very many disqualifications, the nature of which is shown by the (English) Act of 1844, 7 & 8 Vict. c. 66, which greatly relaxed the law in their favour. It provided, inter alia, that every person born of a British mother should be capable of holding real or personal estate; that alien friends might hold every species of personal property except chattels real; that subjects of a friendly power might hold lands, etc., for the purposes of residence or business for a term not exceeding twenty-one years; and it also provided for aliens becoming naturalized.Alien, (UK) is a person who is neither a Common-wealth citizen nor a British protected person nor a citizen of the Republic of Ireland. Aliens therefore include both persons having the nationality ...

Disrobe

To divest of a robe to undress figuratively to strip of covering to divest of that which clothes or decorates as autumn disrobes the fields of verdure...

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