Failure And Default - Law Dictionary Search Results
liability
a guarantor) that arises from a legal obligation owed to an injured party to pay damages for another's failure to perform or negligent act several liability : liability assumed or imposed on an individual separate from others … amount that may or may not be owed depending on the outcome of a contingency (as a cosigner's default on a loan) fixed liability : a liability (as a bond or mortgage) that does not mature for
Escheat
from whom or from whose ancestor the estate was originally derived, taking it as ultimus h'res upon the failure, natural or legal, of the intestate tenant's family. Escheat to the Crown, the Duchy of Lancaster, the Duke … So, while forfeiture affects the rents and profits only, escheat operates on the inheritance. Escheat arose then, from default of heirs, when the tenant died without any lawful and natural born relations on the part of any
Negligence
carelessness, but want of such a degree of a care as is required in particular circumstances. Negligence is failure to observe, for the protection of the interests of another person, the degree of care, precaution and vigilance … damage done owing to the thing escaping, unless, possibly, the damage is due to the plaintiff's act or default, vis major, or the act of God, or under statutory sanction positively enjoining the act causing damage; even
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Wills
good devise of lands include copyholds and leaseholds as well as freeholds; s. twenty-nine provides that words importing failure of issue shall mean issue living at his death; and s. thirty and thirty-one deal with the estates … a will made in exercise of a power of appointment, when the estate thereby appointed would not, in default of appointment, pass to the heir, executor, or administrator, or person entitled as next of kin under the
bond
obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure to perform or abstain will obligate the person or often a surety to pay a sum of money … surety agrees to assume responsibility for the performance of an obligation of another in the event of a default b : one who acts as a surety 2 : an interest-bearing document giving evidence of a debt
Rent
the same rate though for the period after expiry of the term of the lease on account of failure of the tenant to surrender possession back in spite of the expiry of the term of the lease. … to be created out of another rent-charge with power to appoint a receiver of the same charged upon default for twenty-one days. Rent is not due till midnight of the day upon which it is reserved, although
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