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Letter of intent

Letter of intent, indicates the parties intention to enter into a contract with the other party in future and is not intended to find either party ultimately to enter into any contract, Dresser Rand S.A. v.

Liable

also Zunjarrao Bhikaji Nagar Kar v. Union of India, (1999) 7 SCC 409. The word 'liable' means a future possibility or probability happening which may or maynot actually occur, State v. Amru Tulsi Ram, AIR 1957 Punj

Likely to have official dealings

to have official dealings, the words likely to have official dealings' take within their ambit the possibility of future dealings between the officer concerned and the person from whom he borrowed money, Union of India v. Sardar

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Limitation of actions and prosecutions

of the same Act in the case of claimants entitled to particular interests (in remainder, reversion or other future estate or interest) the right to recover land etc., is limited to six years from the time when

Lloyd's bonds

a specified amount to the obligee, with a covenant to pay him such amount with interest on a future day. So called from the name of the counsel who originally settled such a bond. All such 'loan

Married women's property

Common Law, a woman, by marrying, transferred the ownership of all her property, real and personal, present and future, to her husband absolutely, so that he might sell, pay his debts out of, give away, or dispose

Masculine

4, this provision was made general so as to dispense with its repetition with each particular case in future, and in 1889 the Interpretation Act, 1889 (see that title), repealed and re-enacted the provision.

Maximum demand

always a reference to a past period and there can be no maximum demand in relation to a future period. The phrase should not be given two different meanings, one for the licensee and the other for

Migration

place to another, and (2) the intention to make the destination a place of abode or residence in future; it has the motion of transference of allegiance from the country of departure to the country of adoption,

Mortgage-deed

the purpose of securing money advanced, or to be advanced, by way of loan, or an existing or future debt, or the performance of an engagement, one person transfer, or creates, to, or in favour of, another,

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