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Insurance

In this contract, the chances of benefit are equal to the insured and the insurer. The first actually pays a certain sum, and the latter undertakes to pay a larger, if an accident should happen. The one

Bond

of post obit bonds: (1) Where the sum secured is greater than the sum borrowed, but to be payable only upon a contingency, such as the obligor-expectant surviving his ancestor. (2) Where the sum secured is greater

Public servant

s. 21 of the Penal Code, which runs as follows: Twelfth. - Every officer in the service or pay of a local authority or of a corporation engaged in any trade or industry which is established by

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Occupier

Occupier, includes, -- (i) any person who for the time being is paying or is liable to pay to the owner the rent or any portion of the rent of the

Mortgage

A mortgage is the creation of an interest in property, defeasible (i.e., annullable) upon performing the condition of paying a given sum of money, with interest thereon, at a certain time. This conditional assurance is resorted to

Imprisonment

(English) Criminal Justice Administration Act, 1914; see especially s. 3 and ss. 16-18; and see the (English) Money Payments (Justices Procedure) Act, 1935 (25 & 26 Geo. 5, c. 46), as to imprison-ment, detention in a police

prepay

prepay pre·paid pre·pay·ing : to pay or pay the charge on in advance (as of date due or maturity date) [no penalty for ing

Landlord and tenant

possession and use of the land for a period less than the landlord's estate in it, generally upon payment of rent. The landlord's estate is called the reversion, and at common law, a power of distress for

Costs

and solicitors, for their fees, etc. Costs in actions are either between solicitor and client, being what are payable in every case to the solicitor by his client, whether he ultimately succeed or not; or between party

Contract

completed at the moment that the arrangement is made; as where an article is sold and delivered, and payment for it is made on the spot; executory, where some future act is to be done; as where

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