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Laesio enormis
value. The seller could rescind the sale, but the buyer could keep the item purchased by paying the full value. (2) The principle by which a seller may rescind a contract if a sale yields less than … rescind a contract if a sale yields less than half the true value of the thing sold. Also termed lesion, Black's Law Dictionary, 7th Edn., p. 880.
Law of Property Act, 1925 (English)
the entirity of the legal estate should be in the hands of an owner or joint owners of full age who can deal with the whole estate without the concurrence of holders of equitable interests in favour … of all legal estates or tenures in land, except an estate in fee simple in possession, and a term of years absolute in or in certain incorporeal hereditaments arising out of annexed to or charged upon the
Hire purchase
the title vest absolutely in him and that if he chooses he may at any time during the term surrender the goods and be quit of any liability for future installments upon the contract In the United … A contract more fully called contract of hire with an option of purchase in which a person hires goods for a specified
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usufruct
civil law of Louisiana : a personal servitude of limited duration that confers the right of use and full enjoyment of another's property and its fruits NOTE: Under the civil law of Louisiana, one having a usufruct … in land must deliver it to the owner with its basic substance undiminished at the end of the term; one having a usufruct in consumables acquires ownership of them, but must return their value or things of
Settled land
but this does not apply to a personal representative selling in course of administration or to persons of full age absolutely entitled to deal with the legal estate free from the settlement. The direction of investment lies … Where the settlement consists of more instruments than one it is commonly called a 'compound settlement,' though this term is not defined in the Acts themselves; as to compound settlements, see Re Du Cane & Nettlefold, (1898)
Electoral franchise
20). The (English) Representation of the People Act, 1867, extended the franchise to every duly registered man of full age who was-(i) the owner of lands or tenements, of whatever tenure, for his own life, for the … qualification was abolished. The (English) Reform Act, 1832, extended the franchise to 10l. copyholders and to leaseholders for terms of years, and tenants at will paying a minimum of 50l. yearly rent (2 & 3 Wm. 4,
Scylla and Charybdis
to steer clear of one without encountering the other. 'Avoiding Scylla and Charybdis, we proceed to decipher the full import of the definition' [Bangalore Water Supply v. A. Rajappa, AIR 1978 SC 548, para 42] - Here … true amplitude of the word 'industry' in section 2(j) of the Industrial Disputes Act without neither reducing the term to an absurdity nor allowing prejudice and class interest to be perpetuated. (Justice V.R. Krishna Iyer)
bond
and from which no payments of principal or interest are made until the earlier tranches are paid in full called also Z-bond adjustment bond : a bond that is issued in settlement of a prior obligation as … a bond given by a criminal defendant or by his or her surety to ensure compliance with the terms of bail and esp. with the requirement that the defendant appear in court as scheduled bid bond :
Jus in re
Jus in re, a complete and full right; a real right, or a right to have a thing, to the exclusion of all other men. … right in property valid against anyone in the world; a complete and perfect right to a thing. Also termed jus in rem, Black's Law Dictionary, 7th Edn., p. 865.
Mortgage
in six months). Every kind of property may be mortgaged except the salaries and emoluments of public functionaries; full pay and half-pay of naval and military men; retiring allowance of a person liable to serve again, or … provision, or unreasonable delay. see CLOG ON EQUITYOF REDEMPTION. A provision rendering a mortgage irredeemable for a short term, such as five or seven years, is, however allowed, Biggs v. Hoddinott, (1898) 2 Ch 311, and see
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