Search results for: “Principles of commercial law/”
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Design
Definition of Design Right In accordance with the work A Dictionary of Law, this is a description of Design Right : Legal protection for the external appearance of an article, including its shape, configuration, pattern, or ornament. A design right is distinct from a *patent, which protects […]
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Bankruptcy
Definition of Bankruptcy In accordance with the work A Dictionary of Law, this is a description of Bankruptcy : The state of a person who has been adjudged by a court to be insolvent (Compare winding-up). The court orders the compulsory administration of a bankrupt’s affairs so that his […]
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Bankruptcy
Definition of Bankruptcy In accordance with the work A Dictionary of Law, this is a description of Bankruptcy : The state of a person who has been adjudged by a court to be insolvent (Compare winding-up). The court orders the compulsory administration of a bankrupt’s affairs so that his […]
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Statute
Definition of Statute In accordance with the work A Dictionary of Law, this is a description of Statute : (Act of Parliament, statute) A document that sets out legal rules and has (normally) been passed by both Houses of *Parliament in the form of a *Bill and agreed to by the Crown (See […]
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Law
History of Law in Britain Roman law and English law, both widely influential, are characterized -in accordance to Bamber Gascoigne´ Encyclopedia of Britain about “law”- by very different approaches. In broad terms Roman law follows a coherent written code and a set of principles, while […]
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Acknowledgment
Definition of Acknowledgment In accordance with the work A Dictionary of Law, this is a description of Acknowledgment : 1. The admission that a debt is due or a claim exists. Under the Limitation Act 1980, a written acknowledgment by a debtor or his agent causes the debt to be treated as if it […]
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Franchise
Definition of Franchise In accordance with the work A Dictionary of Law, this is a description of Franchise : 1. (in constitutional law) A special right conferred by the Crown on a subject. Also known as a liberty, it is exemplified by the right to hold a market or fair or to run a ferry.…
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Corporation
Definition of Corporation In accordance with the work A Dictionary of Law, this is a description of Corporation : (corporation, body corporate) n. An entity that has legal personality, i.e. it is capable of enjoying and being subject to legal rights and duties (See juristic person) and […]
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Good Faith
Definition of Good Faith In accordance with the work A Dictionary of Law, this is a description of Good Faith : Honesty. An act carried out in good faith is one carried out honestly. Good faith is implied by law into certain contracts, such as those relating to commercial agency. See also […]
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Consideration
Definition of Consideration In accordance with the work A Dictionary of Law, this is a description of Consideration : An act, forbearance, or promise by one party to a contract that constitutes the price for which he buys the promise of the other. Consideration is essential to the validity of […]