Implied Promise - Law Dictionary Search Results
Compromise, Settlement
or opposing claims by reciprocal modification of demands. As per Terms de la Ley, 'compromise is a mutual promise of two or more parties that are at controversy'. As per Bouvier it is 'an agreement between two … a law suit, amicably settle their differences, on such terms as they can agree upon'. The word 'compromise' implies some element of accommodation on each side. It is not apt to describe total surrender. A compromise is
Wages
paid or payable, in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled and incentive bonus in the present scheme is certainly additional remuneration. Under the third part of … SCR 1504. [Payment of Wages Act, 1936, s. 2 (vi)] Sir William Anson's definition of 'wager' as a promise to give money or money's worth upon the determination or ascertainment of an uncertain event accurately brings out
Covenant
could take advantage of it, Co. Litt, 26 a, 231. Covenants running with the land are express or implied covenants which touch and concernthe land and do not create an active personal obligation in connection with the … Covenant [fr. Covenant, Fr.], any agreement, convention, or promise of two or more parties, by deed in writing, signed, sealed, and delivered, by which either of the
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obligation
his or her portion of the performance. natural obligation : an obligation arising from moral duty that is implied but not enforceable by the law several obligation 1 : any of the obligations binding different obligors to … obligation 1 : a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment) ;also : the
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