Straw Man Of - Law Dictionary Search Results
Home Dictionary Name: straw man ofStraw, Man of
Straw, Man of, a man of no substance. A transfer of shares, in a company, to such a man is good, subject to its regulations, so as to relieve the transferor from liability to pay calls upon the shares, if the transferee be sui juris, and there be no resulting trust for the transferor [see De Pass's case, (1859) 4 De G. & J. 544], and unless the Stannaries Act, 1869, s. 35, applies; and see CONTRIBUTORY. Likewise the assignee o a lease may escape liability on the covenants after assignment by 'assigning over' to a man of straw....
straw man
straw man : an intermediary for a transaction (as a conveyance of real property) ...
Jackstraw
An effigy stuffed with straw a scarecrow hence a man without property or influence...
Assignment
Assignment, 'assignment' means an assignment in writing by act of the parties concerned. [Semiconductor Integrated Circuits Layout-Design Act, (37 of 2000), s. 2(b)]'Assignment' means the transfer of the claim, right or property to another, C.G.T. v. Ms Getti Chettiar, (1971) 2 SCC 741: AIR 1971 SC 2410 (2413). [Gift-tax Act, 1958 s. 2(XXIV)]A transfer of an estate or interest in property. The usual operative verb is 'assign,' but any other word indicating an intention to make a complete transfer, e.g., 'convey,' will amount to an assignment.Assignment by Lessor or Lessee, Effect of. A lessor, notwithstanding assignment of his reversion, continues liable to his lessee on covenants running with the land, Stuart v. Joy, 1904 (1) KB 362, and so does a lessee to his lessor, notwithstanding assignment of his term, Barnard v. Godscall, (1613) Cro. Jac. 309. The assignee of a term is liable equally with the lessee (though the lessor cannot recover against both) during his possession, but unle...
Stramineus homo
Stramineus homo, a man of straw, one of no substance, put forward as bail or surety....
Average
Average, a medium, a mean proportion used in various senses:-(1) A service which a tenant owes to his lord by doing work with his avers.(2) A shipping or insurance term. (a) Average, or more fully general average, is where any damage or loss has been properly and voluntarily incurred in respect of a ship or cargo for its safety, e.g., goods thrown overboard in a storm to lighten the ship. Such loss by maritime law is shared proportionately between the shipowners and the owners of the cargo, according to value. This risk is almost always covered by insurance. An Average Bond is a bond entered into by the consignees of a cargo with the shipowners, when a general average loss has been sustained by the ship, binding the former to pay their proportion as soon as ascertained. (b) Particular average is damage, or loss to a ship, or cargo, other than a general average loss. Such a loss rests where it falls, that is to say, is borne by the owner of the thing lost or damaged, or by his insurer, ...
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