Judicial Sale - Law Dictionary Search Results
Home Dictionary Name: judicial salejudicial sale
judicial sale see sale ...
sale
sale 1 a : the transfer of title to property from one party to another for a price ;also : the contract of such a transaction see also short compare barter, donation, exchange, gift absolute sale : a sale that takes place without conditions and with title simply passing to the buyer upon payment of the price compare conditional sale in this entry bulk sale : a sale not in the ordinary course of the seller's business of more than half of the seller's inventory called also bulk transfer NOTE: Article 6 of the Uniform Commercial Code governs bulk sales. Under section 6-102(c), in order for a sale to be considered a bulk sale, the buyer (or an auctioneer or liquidator if the sale is an auction) must have been given notice or been able upon reasonable inquiry to have had notice that the seller will not afterward continue to operate the same or a similar kind of business. cash sale : a sale in which payment must be made in cash NOTE: Under U.C.C. section 2-310, payment must be made ...
adjudicate
adjudicate -cat·ed -cat·ing [Latin adjudicare to award in judgment, from ad to, for + judicare to judge see judge ] vt 1 : to settle either finally or temporarily (the rights and duties of the parties to a judicial or quasi-judicial proceeding) on the merits of the issues raised 2 : to pass judgment on as a judge : settle judicially 3 : to pronounce judicially to be [was adjudicated a bankrupt] [was adjudicated the child's father] 4 : to convey by judicial sale vi : to come to a judicial decision : act as judge [the court adjudicated upon the case] ad·ju·di·ca·tion [ə-jü-di-kā-shən] n ad·ju·di·ca·tive [ə-jü-di-kā-tiv, -kə-] n ad·ju·di·ca·tor [-kā-tər] n ...
foreclosure
foreclosure 1 : a legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem, right of redemption, statutory foreclosure, strict foreclosure 2 : the extinguishment (as under the provisions of Article 9 of the Uniform Commercial Code) of the rights of a debtor in personal property subject to a security interest by judicial proceedings and esp. by judicial sale see also strict foreclosure ...
Market and fair
Market and fair, Market may strictly be defined as 'the meaning or congregating together of people for the purchase and sale of provisions or livestock, publicly exposed, at a fixed time and place'. A 'fair' has been judicially defined as meaning 'a periodical concourse of buyers and sellers in a place generally for sale and purchase......at times or on occasion ordained by custom. The distinction between markets and fair appears to lie in the periodicity viz. while a market may be a regular or permanent place of business, a fair is an intermittent one, ITC Ltd. v. Agricultural Produce Market, (2002) 9 SCC 239: AIR 2002 SC 852 (930). [Bihar Agricultural Produce Markets Act, 1960 (16 of 1960), ss. 15 & 27]...
procès verbal
procs verbal pl: procès ver·bals [-bÄ lz] [French, literally, verbal trial] in the civil law of Louisiana : an official written record of a proceeding (as a judicial sale of property) ...
right of redemption
right of redemption :the right to regain ownership of property by freeing it from a debt, charge, or lien (as by paying to the creditor what is due to release the secured property) ;specif : a mortgagor's statutory right to redeem after a judicial foreclosure and sale ...
Warehouse
Warehouse, in common parlance, certainly means a place where a man stores or keeps his goods which are not immediately wanted for sale, Stroud's Judicial Dictionary, 3rd Edn. See also Goa Urban Co-op. Bank Ltd. v. Noor Mohd. Shikh Mussa, (2004) 6 SCC 166.Warehouse, is properly speaking a building used for the purpose of storing goods imported at a reasonable rent, Law Lexicon of British India, 1940 Edn. See also Goa Urban Co-op. Bank Ltd. v. Noor Mohd. Sheikh Mussa, (2004) 6 SCC 166.Means a building where wares or goods are stored, as before being distributed to retailers, a store-house, Webster's New Twentieth Century Diction-ary, Vol. II, 2nd End. See also Goa Urban Co-op Bank Ltd. v. Noor Mohd. Sheikh Mussa, AIR (2004) 6 SC 166.Means a property, Law Lexicon of British India, 1940 Edn.Means a public warehouse appointed under s. 57 or a private warehouse licensed under s. 58. [Customs Act, 1962 (52 of 1962), s. 2 (43)]A building used to store goods and other items, Black's Law Diction...
Manufacture, Production
Manufacture, Production, the words 'manufacture' and 'production' have received extensive judicial attention both under this Act as well as Central Excise Act and the various Sales Tax Laws. The word 'production' has a wider connotation than the word 'manufacture'. While every manufacture can be characterised as production every production need not amount to manufacture, CIT v. N.C. Budharaja, 1994 Supp (1) SCC 280: AIR 1993 SC 2529 (2533)....
Venditioni exponas
Venditioni exponas, a judicial writ addressed to the sheriff, commanding him to expose to sale goods which he has already taken into his hands, to satisfy a judgment-creditor, Reg. Judic. 33. After delivery of this writ the sheriff is bound to sell the goods, and have the money in Court on the return day of the writ, 3 Steph. Com.By (English) R.S.C. 1883, Ord.XLIII., r. 2, this writ may be sued out where it appears upon the return of a fi. fa. that the sheriff has seized goods but not sold them....
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