What is FOUNDED?

Based upon; arising from, growing out of, or resting upon; as in theexpressions “founded in fraud,” “founded on a consideration,” “founded on contract,”and the like. See In re Grant Shoe Co., 130 Fed. SSI, G6 C. C. A. 78; State v. Morgan,40 Conn. 40; Palmer v. Preston, 45 Vt. 158, 12 Am. Rep. 191 ; Steele v. Hoe, 14 Adol.& El. 431; In re Morales (D. C.) 105 Fed. 701.

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