Stipulated Damages - Law Dictionary Search Results
Court-baron
manor, and could not be severed therefrom. It was ordained for the maintenance of the services and duties stipulated for by lords of manors, and for the purpose of determining actions of a personal nature, where the … lords of manors, and for the purpose of determining actions of a personal nature, where the debt or damage was under forty shillings. This court might be held at any place within the manor, giving fifteen days'
Demurrage
freighter, for detaining her in port longer than the period agreed upon for her sailing. It is usually stipulated in charter-parties and bills of lading, that a certain number of days, called running or working or lay … freighter that the vessel shall in no event be detained longer; if detained the charterer, is liable for damages for breach of contract for which the rate of demurrage is generally the measure. This holds even in
judgment
judgment : a judgment approved and entered by a court by consent of the parties upon agreement or stipulation : consent decree at decree declaratory judgment : a judgment declaring a right or establishing the legal status … status or interpretation of a law or instrument [seeking a declaratory judgment that the regulation is unconstitutional] compare damage, injunction specific performance at performance default judgment : a judgment entered by a court after an entry of
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Forfeiture
Part. II. (6) Breaches of covenants or conditions contained in a lease or other instrument, when it is stipulated that they shall occasion forfeiture; a forfeiture under these circumstances may be waived by the person entitled to … 132 of the (English) L.P. Act, 1922, and s. 146 of the (English) L.P. Act, 1925, and the compensation payable upon any kind of forfeiture or copyhold or customary land is set out in (English) L.P. Act,
bond
good behavior and discourage breaches of the peace penal bond : a bond that ensures payment of a stipulated sum in the event of a party's nonperformance and that is often required for government contracts performance bond … given by a plaintiff seeking to attach the defendant's property that ensures payment to the defendant of any damages suffered because of the attachment in the event the plaintiff loses the suit 2 : a bond given
Revocation of agency
of the principal to revoke his agent's authority at mere pleasure are-- (1) When the principal has expressly stipulated that the authority shall be irrevocable, and the agent has also an interest in its execution. (2) Where … the agent's giving notice to his principal that he renounces the agency; but the principal must sustain no damage thereby; otherwise the agent would be responsible therefor. (III.) By operation of law, as (a) By the expiration
Freight
is most commonly fixed by the charter-party, or bill of lading, but in the absence of any formal stipulation on the subject it would be due according to the custom or usage of trade. In the absence … the consignee, according to the contract for its conveyance. 1. Goods transported by water, land or air 2. Compensation paid to carrier for transporting goods, Black's Law Dictionary, 7th Edn., p. 677. Dead freight is the freight
Warranty
to the main purpose of such a contract, the breach of which gives rise to a claim for damages, but not to a right to reject the goods and treat the contract as repudiated,' and 'as regards … material part of the contract.' The same Act does not define a condition which, in contract, is a stipulation which goes to the root of the contract and the breach or non-performance of which absolves the promisee
Tort
Apparently if the plaintiff has suffered an injury for which, apart from the contract, he could have recovered damages, it is a tort, although it may also be a breach of contract and not less if the … of contract. If the claim of the plaintiff had been set out at large pointing to some particular stipulation in the contract, which stipulation had been broken, the action would be founded on contract, but where it
Master and servant
year, as from Michaelmas to Michaelmas, and this is an entire hiring for a year; and, unless otherwise stipulated, no wages are payable until the end of the year. Consult Burn's Justice, tit. 'Servants.' 2nd Servants in … away in breach of his contract of service, or by some other wrongful act, is liable for the damage thus occasioned to the master. A master is liable civilly for torts committed by his servant in the
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