Lot - Law Dictionary Search Results
Home Dictionary Name: lotLots
Lots. Parcels of land under one ownership put up separately at one sale. By s. 45 (5) of the (English) Law of Property Act, 1925, it is an implied condition of the sale that a purchaser of two or more lots held wholly or partly under the same title shall not have a right to more than one abstract of the common title, except at his own expense. As a rule the purchaser of the largest lot in value is entitled to the documents of title on completion where all the lots have been sold. [see, e.g., General Conditions of Sale, 34 (2) (i)]As to the position of a bidder purchasing a wrong lot by his own mistake, see Van Praagh v. Everidge, (1903) 1 Ch 434....
lot
lot 1 : a portion of land ;specif : a measured parcel of contiguous land having fixed boundaries and recorded (as on a plat) with the appropriate authority or office (as a registry of deeds) 2 : a single article, a number of units of an article, or a parcel of articles offered as one item (as in an auction sale) ;specif : a parcel or single article under the Uniform Commercial Code which is the subject matter of a separate sale, lease, or delivery whether or not it is sufficient to perform the contract see also odd lot, round lot ...
Scot and lot
Scot and lot [fr. sceat, Sax., part, and lot], a customary contribution laid upon all subjects according to their ability. Whoever were assessed to any contribution, though not by equal portions, were said to pay scot and lot....
odd-lot
odd-lot : of, relating to, or being the type of worker considered under the odd-lot doctrine [an worker without stable employment] ...
odd-lot
odd-lot : of, relating to, or being the type of worker considered under the odd-lot doctrine [an worker without stable employment] ...
round lot
round lot : the standard unit of trading in a security market usually amounting to 100 shares of stock compare odd lot ...
Lot
Lot, a contribution or duty. See SCOT.--the expression lot means quantity of goods, State of Madhya Pradesh v. Ramswaroop Vaishya, AIR 2003 SC 1067. (Contract Act, 1872, s. 7)...
Lot meads
Lot meads, common meadows which are divided yearly and distributed by lot among the owners, the share of each being called a dole. See Williams on Rights of Common. The owner of a dole may have a freehold in the soil, or he may only have vestura terr'....
odd-lot doctrine
odd-lot doctrine : a doctrine in workers' compensation law: a disabled worker who is not totally incapacitated for all work may nonetheless be considered totally disabled if there is no reasonably dependable market for his or her services ...
Lot or loth
Lot or loth, the thirteenth dish of lead in the mines of Derbyshire, which belonged to the Crown....
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