Mutual - Law Dictionary Search Results
Home Dictionary Name: mutual Page: 2 Page 2 of about 246 results ( seconds)mutual fund
mutual fund see fund ...
mutual company
mutual company see company ...
mutual
mutual 1 : directed by each toward the other : reciprocal [ orders of protection in domestic violence cases "L. H. Schafran and Norman Wikler"] 2 : shared in common : joint [spouses' obligation to support children of their marriage "Louisiana Civil Code"] 3 : of or relating to a plan whereby the members of an organization share in the profits and expenses ;specif : of, relating to, or taking the form of an insurance method in which the policyholders constitute the members of the insuring company mu·tu·al·ly adv ...
joint and mutual will
joint and mutual will see will ...
bailment for mutual benefit
bailment for mutual benefit :bailment for hire at bailment ...
will
will 1 : the desire, inclination, or choice of a person or group 2 : the faculty of wishing, choosing, desiring, or intending 3 : a legal declaration of a person's wishes regarding the disposal of his or her property after death ;esp : a formally executed written instrument by which a person makes disposition of his or her estate to take effect after death see also codicil, living will, testament antenuptial will : a will that was executed by a person prior to that person's marriage and is usually revocable by the court if no provision was made for the person's spouse unless an intention not to make such a provision is manifest conditional will : a will intended to take effect upon a certain contingency and usually construed as having absolute force when the language pertaining to the condition suggests a general purpose to make a will counter will : mutual will in this entry holographic will : a will written out in the hand of the testator and accepted as valid in many sta...
Compromise
Compromise, an adjustment of claims in dispute by mutual concession; also a mutual promise of two or more parties at difference to refer the ending of their controversy to arbitrators. As to the authority of counsel to compromise an action, see Neale v. Gordon-Lennox, 1902 AC 465; and of solicitor, see Fray v. Voules, (1859) 1 E&E 839; and Macaulay v. Polley, (1897) 2 QB 122.Means settlement of difference by mutual con-cessions, State of Punjab v. Ganpat Raj, (2006) 8 SCC 364.Means settlement of difference by mutual concessions, State of Punjab v. Phulan Rani, (2004) 7 SCC 555.Compromise, between the parties means that there is some element of give and take on both sides, Ram Lakhan Chaudhary v. Haridwar Chaudhary, 2005 (12) SCC 383 [Civil Procedure Code, 1908, O. 23, r. 3]Is always bilateral and means mutual adjustment, Haryana Urban Development Augthority v. S.P. Jain, AIR 2004 SC 4105....
Compromise, Settlement
Compromise, Settlement, the expression com-promise means settlement of difference by mutual concessions. It is an agreement reached by adjustment of conflicting 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 or more persons, who, to avoid 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 always bilateral and means mutual adjustment. 'Settlement' is termination of legal proceeding by mutual consent, State of Punjab v. Phulan Rani, (2004) 7 SCC 555 (557): AIR 2004 SC 4105. [Legal Services Authorities Act, 1987, s. 23(3)(5)]...
fund
fund 1 : a sum of money or other resources whose principal or interest is set aside for a specific objective cli·ent security fund : a fund established by each state to compensate clients for losses suffered due to their attorneys' misappropriation of funds common trust fund : an in-house trust fund established by a bank trust department to pool the assets of many small trusts for greater diversification in investing executor fund : a fund established in estate planning to provide for the payment of final expenses by an executor joint wel·fare fund : a fund that is established by collective bargaining to provide health and welfare benefits to employees and that is jointly administered by representatives of labor and management paid-in fund : a reserve cash fund in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses sink·ing fund : a fund set up and accumulated by regular deposits for paying off the principal on a debt...
Consideration
Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the person burdened with the obligation) or a stranger derives a benefit or advantage, or any labour detriment or inconvenience sustained or suffered by the promisee at the request, express or implied, of the promisor. See Laythoarp v. Bryant, 3 Scott 250; 2 Wms. Saund 137 h; Currie v. Misa, (1875) LR 10 Exch 153.Consideration is one of the facts which the courts require as evidence of intention, (a) that a person intends his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or for a transfer of property from one person to another. The nature or quality of the consideration which will be sufficient for these purposes varies with the nature of the transaction and in the absence of consideration the Courts will, except in the case of s...
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