S 296 - Page 10 - Law Dictionary

s corporation

s corporation A small business corporation with a limited number of shareholders. Its major significance is the fact that an S corporation usually avoids corporate income tax. Corporate losses can be claimed by the shareholders. Source: FindLaw ...

state's evidence

state's evidence : a participant or accomplice in a crime who gives evidence to the prosecution esp. in return for a reduced sentence used chiefly in the phrase turn state's evidence ...

owner's policy

owner's policy the insurance policy that protects the buyer from title defects. Source: U.S. Department of Housing and Urban Development ...

u.s. constitution

u.s. constitution the document written by the founders of this country, which establishes the basic structure and functions of the federal government, grants certain specified rights, often called constitutional rights, to the American people, and places limits on the powers and activities of our federal and state governments. The term "U.S. Constitution" also includes its amendments. The first ten amendments to the Constitution are referred to as the Bill of Rights. Source: Federal Judicial Center ...

Counting-house of the King's household

Counting-house of the King's household, usually called the Board of Green Cloth, where sit the lord-steward and treasurer of the king's house, the comptroller, master of the household, cofferer, and two clerks of the Green Cloth, for daily taking the accounts of all expenses of the household, making provisions, and ordering payment for the same, 39 Eliz. C. 7. See Jac. Law Dict....

Wharton's Rule

Wharton's Rule [after Francis Wharton (1820-89), American lawyer and author, who formulated it] : a rule that prohibits the prosecution of two persons for conspiracy to commit a particular offense when the offense in question can only be committed by at least two persons NOTE: Wharton's Rule does not apply when legislative intent is to the contrary (as when the legislation imposes a separate punishment for conspiracy to commit a particular crime). ...

Brussel's Convention

Brussel's Convention, is the common jurisdictional statute of the member states of the European Community, Halsbury's Laws of England, Vol. 8(1), 4th Edn., Para 620, p. 468....

Calvin's case

Calvin's case (Calvin v. Smith, 7 Rep. 1; 2 ST 559). A case decided in 1608 in which it was held that persons born in Scotland after the accession of James I. to the crown of England were not aliens but capable of inheriting land in England; see Broom's Const. Law....

Clayton's case

Clayton's case. 1 Mer. 572. The rule in this case is that payments are presumed, prima facie, to be appropriated to debts in the order in which they are incurred, but see Hallett'' Estate, 13 C.D. 696, as to payments by a trustee, and s. 38, Bankruptcy Act, 1914, also APPROPRIATION OF PAYMENTS....

Conductor's licence

Conductor's licence, means the licence issued by a competent authority under Chapter III authorising the person specified therein to act as a conductor. [Motor Vehicles Act, 1988 (59 of 1988), s. 2 (6)]...

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