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Joint-tenancy

Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of conveyance or claim in solido, and not as merchan-dise, or for purposes of speculation, to two or more persons in the same right, either simply, or by construction or operation of law jointly, with a jus accrescendi, that is, a gradual concentration of property from more to fewer, by the accession of the part of him or them that die to the survivors or survivor, till it passes to a single hand, and the joint-tenancy ceases.Anciently, joint-tenancy was favoured because it did not induce fractions of estates, and returning to early principles the (English) Land Legislation of 1925 has employed the tenure generally as the machinery by which legal estate may in such cases always be in some person, called the estate owner, who is competent to give a title to the whole estate without the concurrence of other parties. that legal estate has been ...


joint and several

joint and several : relating or belonging to two or more parties together and separately [joint and several duties of the partners] see also joint and several liability at liability compare in solido, joint, jointly joint·ly and sev·er·al·ly adv ...


Hindu joint family and coparcenary

Hindu joint family and coparcenary, a hindu joint family consists of all persons lineally descended from a common ancestor, and includes their wives an unmarried daughters. A Hindu coparcenary is a much narrower body than the joint family: it includes only those person who acquire by birth an interest in the joint or coparcenary property, these being the sons, grandsons, and great-grandsons of the holder of the joint property for the time being. Therefore there may be a joint Hindu family consisting of a single male member and widows of deceased coparceners, Gowli Buddanna v. CIT, AIR 1966 SC 1523 (1525): (1966) 3 SCR 224. [Income-tax Act, 1922 (11 of 1922), s. 3]...


joint tenancy (with rights of survivorship)

joint tenancy (with rights of survivorship) two or more owners share equal ownership and rights to the property. If a joint owner dies, his or her share of the property passes to the other owners, without probate. In joint tenancy, ownership of the property cannot be willed to someone who is not a joint owner. Source: U.S. Department of Housing and Urban Development ...


Joint sitting

Joint sitting, is a joint sitting of both Houses of a bicameral legislature for setting a disagreement, Office of the Speaker in the Parliaments of Commonwealth, Wilding and Philip Laundry, p. 412.In U.K., there is no provision for joint session of the House of Commons and the House of Lords. In Australia, a joint meeting of both Houses of Parliament is held for the purpose of settling a disagreement between them or where it is necessary that a majority of both Houses sitting together should be obtained before changes can be made to the Constitution or certain types of legislation passed, Office of the Speaker in the Parliaments of Commonwealth, Wilding and Philip Laundry, p. 412....


Joint venture

Joint venture, The expression 'joint venture' is more frequently used in the United States. It con-notes a legal entity in the nature of a partnership engaged in the joint undertaking of a particular transaction for mutual profit or an association of persons or companies jointly undertaking some commercial enterprise wherein all contribute assets and share risks. It requires a community of interest in the performance of the subject-matter, a right to direct and govern the policy in connection therewith, and duty, which may be altered by agreement, to share both in profit and losses, New Horizons Ltd. v. Union of India, (1995) 1 SCC 478....


joint sponsor

joint sponsor A person who accepts legal responsibility for supporting an immigrant with an I-864 Affidavit of Support along with the sponsor. The joint sponsor must be at least 18 years of age, an American citizen or lawful permanent resident and have a domicile in the United States. The joint sponsor and his/her household must have the 125 percent income requirement by itself for the immigrant that he/she sponsors. Source: Department of State. March 2007. ...


joint tortfeasor

joint tortfeasor : any of two or more parties held jointly or severally liable for the same tort see also contribution joint liability at liability ...


jointly

jointly : in a joint manner ;esp : so as to be or become subject to joint liability ...


Butting joint

A joint between two pieces of timber or wood at the end of one or both and either at right angles or oblique to the grain as the joints which the struts and braces form with the truss posts sometimes called abutting joint...


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