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Indorsement

a forged indorsement, see North and South Wales Bank v. Macbeth, 1908 AC 137. See also DEED; MORTGAGE; RECEIPT. When the maker or holder of a negotiable instrument signs the same, otherwise than as such maker, for

Ne baila pas

pas, means, 'he or she did not deliver'. In an action for detinue a defendant's plea denying the receipt of the property in question, Black's Law Dictionary, 7th Edn., p. 1052.

National insurance

be an 'employed contributor' may, if he so desires, apply for a certificate of exemption if: (a) in receipt of an income of not less than 26l. a year, which is derived otherwise than by his personal

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Money of account, money of measurement money of payment

or on money provided by Parliament, or the variation or repeal of any such charges; supply; the appropriation, receipt, custody, issue or audit of accounts of public money; the raising or guarantee of any loan or the

Money circulation scheme

means any scheme, by whatever name called, for the making of quick or easy money, or for the receipt of any money or valuable thing as the consideration for a promise to pay money, on any event

Lease

enforceable are interests at will only (see (English) L.P. Act, 1925, s. 54). Possession by the tenant and receipt of rent by the landlord are good evidence of a tenancy. By the (English) Judicature Act,1925, s. 56,

Injunction

negotiation of bills of exchange and promissory notes obtained by fraud or collusion; the transfer of stock; the receipt of dividends; the sale of specific chattels; the vex-atious alienation of real property pendente lite; the sale of

Presumption of life or death

Presumption of life or death. Where a person is once shown to have been living, the law will in general presume that he is still alive, unless after a lapse of time considerably exceeding the ordinary...

Premium and rent

lease are in the nature of rent. The former is a capital income and the latter a revenue receipt. There may be circumstances where the parties may camouflage the real nature of the transaction by using clever

Share and debenture

company. On the other hand, a debenture is an instrument of debt executed by the company acknowledging its receipt to repay the same at a specified rate and also carrying an interest. It is in sum and

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