Take Over Bid - Law Dictionary Search Results
Home Dictionary Name: take over bidbid
bid bid bid·ding vt : to offer (a price) for payment or acceptance vi : to make a bid : state what one will pay or take in payment [a contractor bidding for a job] bid·der n n 1 : the act of one who bids 2 a : a statement of what one will pay for something b : a statement of what one (as a contractor) will charge for something (as supplies or labor) 3 : an opportunity to bid ...
Opening biddings
Opening biddings. Before 1867, where estates were sold, under the decree of a Court of Equity, the Court considered itself to have a greater power over the contract than if the contract were made between party and party; and as the aim of the Court was to obtain as great a price as possible for the estate, it would open the biddings after the estate was sold, and put up the estate for sale again.But the Sale of (English) Land by Auction Act, 1867, has, by s. 7, abolished this inconvenient practice (under which biddings were opened even more than once), with an exception for cases of fraud or improper management of a sale, in which upon the application of any person interested in the land, 'the Court may either open the biddings, holding such bidder bound by his bidding, or discharge him from being the purchaser, and order the land to be resold', see Delves v. Delves, (1875) LR 20 Eq 77....
Bid
Bid, means to offer (a price) for payment or acceptance; to make a bid: state what one will pay or take in payment (a contractor bidding for a job), Webster's Dictionary of Law, Indian Edn. (2005), p. 40....
Dum bidding
Dum bidding, in sales at auctions, when the amount which the owner of the thing sold was willing to take for the article was written, and placed by the owner under a candlestick or other things, and it was agreed that no bidding should avail unless equal to that amount....
Winding-up
Winding-up, the process by which an insolvent estate is distributed, as far as it will go, amongst the persons having claims upon it. The term is most frequently applied to the winding-up of joint-stock companies.The property of a company is collected and distributed firstly in discharge of its liabilities, and secondly, among its members according to their respective rights with a view to its dissolution. If the assets are not sufficient to meet the liabilities, a company is usually wound up by the Court. In other cases the winding-up is usually voluntary and conducted by the company itself either with or without the supervision of the Court. The provisions of the (English) Companies Act, 1929, govern a winding-up in any of these three modes (s. 156). In any winding-up the members who may be called upon to contribute are ascertained and their liability determined under ss. 157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if not of certain value to be...
Competitive bidding
Competitive bidding, anything done in or about the place where a sale of goods by way of competitive bidding is held, if done in connection with the sale, must be taken to be done during the course of it, whether it is done at the time when any articles are being sold or offered for sale by way of competitive bidding or before or after any such time, Mock Auctions Act, 1961, s. 3(5) (UK), Halsbury's Laws of England, Vol. 2, para 943, p. 459....
Bid bond
Bid bond, means a surety bond often required of contractor's biddings on construction work to ensure that the successful bidder will accept the job and will also provide a performance bond, Webster's Dictionary of Law, Indian Edn. (2005), p. 85....
Bidding of the Beade
Bidding of the Beade, a charge or warning given by the parish priest to his parishioners at some special time, to come to prayers upon any festival or saint's day, according to the canons of the church; also asking the banns is called bidding, Rubric....
taking
taking 1 : a seizure of private property or a substantial deprivation of the right to its free use or enjoyment that is caused by government action and esp. by the exercise of eminent domain and for which just compensation to the owner must be given according to the Fifth Amendment to the U.S. Constitution see also inverse condemnation, physical taking, regulatory taking NOTE: A governmental action that results in a mere diminution in property value is less likely to be considered a taking than one that deprives the owner of economically viable use of the property. 2 : the wrongful acquisition of control over property (as in larceny) or a person ...
Amalgamation
Amalgamation, in amalgamation two or more companies are fused into one by merger or by taking over by another. Reconstruction or 'amalgamation' has no precise legal meaning. The amalgamation is a blending of two or more existing undertakings into one undertaking, the share-holders of each blending company become substantially the shareholders in the company which is to carry on the blended undertakings. There may be amalgamation either by the transfer of two or more undertakings to a new company, or by the transfer of one or more undertakings to an existing company. Strictly 'amalgamation' does not cover the mere acquisition by a company of the share capital of other company which remains in existence and continues its undertaking but the context in which the term is used may show that it is intended to include such an acquisition, Saraswati Industrial Syndicate Ltd. v. C.I.T., 1990 Supp SCC 675 (679).Amalgamation, in an amalgamation two or more companies are fused into one by merger o...
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