Valid Notes - Law Dictionary Search Results
Consideration
but if the promise is by deed, even the expressed absence of any consideration will not affect its validity either in law or equity (except for some kinds of equitable relief, see infra), because the execution of … (Income-tax Act, 1961) The connotation of the word 'consideration' occurring in sub-s. (1) of s. 98 Comprehends 'taking note of or 'paying heed to' depending upon the nature of the subject. It may be open to the
vertical agreement
are not considered illegal per se under antitrust laws, but they must withstand judicial scrutiny to be held valid. … an agreement among economic competitors on different levels of production or distribution that affects competition compare horizontal agreement NOTE: Unlike horizontal agreements, vertical agreements are not considered illegal per se under antitrust laws, but they must withstand
in terrorem
describe a condition in a will that threatens an heir with forfeiture if he or she challenges the validity of the will. … covenants not to compete which have in terrorem effect on employees "J. D. Calamari and J. M. Perillo"] NOTE: In terrorem is most commonly used to describe a condition in a will that threatens an heir with
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prior restraint
U.S. Supreme Court restated its position that “any system of prior restraints” bears “a heavy presumption against constitutional validity” and that the government “carries a heavy burden of showing justification for the imposition of such a restraint.” … and New York Times Co. v. United States in the Important Cases section compare censorship, freedom of speech NOTE: In New York Times Co. v. United States, the U.S. Supreme Court restated its position that “any system
allonge
firmly affixed to the instrument that it becomes part of it in order for the endorsements to be valid. Endorsements on an allonge are often considered invalid if there is still room on the instrument for endorsements. … Latin longus long] : a paper attached to an instrument to provide space for additional endorsements : rider NOTE: Under Uniform Commercial Code section 3-202(2), an allonge must be so firmly affixed to the instrument that it
publish
: to proclaim officially [ an enactment] b : to declare (a will) to be a true and valid expression of one's last will c : to reproduce (an opinion) in a reporter 3 a : to … publish 1 : to make known to another or to the public generally NOTE: For purposes of defamation, a defamatory communication made to only one third party may be considered published. 2
I.O.U
of 5l. It should be addressed to the creditor by name, but that is not essential to its validity. It is evidence of an account stated with the creditor, if named; if he is not named, it … January 1st, 2008.' If in the above form, it requires no stamp, being neither receipt, agreement, not promissory note. If it contains a promise to pay the money, it must be stamped as a promissory note, or
illegitimate
children; statutes limiting their inheritance rights have been found to violate the equal protection clause. 2 : not valid according to law illegitimate n … illegitimate 1 : not recognized by the law as offspring ;specif : born out of marriage NOTE: An illegitimate child is usually legitimated by his or her parents' later marriage. Illegitimate children generally have the
Miranda rights
arrested person or evidence obtained therefrom may be introduced at trial unless the person was advised of or validly waived these rights. A fresh reading of the Miranda rights may be required by the passage of time … arresting officer must advise the person being arrested see also Miranda v. Arizona in the Important Cases section NOTE: A reading of the Miranda rights usually includes a warning that anything said could be used as evidence.
age of majority
a person may perform various acts, as legally drink alcoholic beverages, make a binding contract, or make a valid will, does not necessarily correspond with the age of majority. … law the rights (as ability to sue) and responsibilities (as liability under contract) of an adult compare emancipate NOTE: At common law, the age of majority was 21. Age of majority is now set by statute, in
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