CO-TENANCY
A clause in some retail space lease agreements that entitles a tenant to a decrease in the amount of rent payments if a specified other tenant leaves the location. This is a
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A clause in some retail space lease agreements that entitles a tenant to a decrease in the amount of rent payments if a specified other tenant leaves the location. This is a
A GUARANTEE provided by one company to another company that is often related, such as a subsidiary or joint venture, and a reciprocal guarantee provided in the opposite direction. Cross guarantees may
An AGENT that performs various duties on behalf of a client, including holding securities in safe CUSTODY, executing financial transactions under specific instructions, and collecting periodic CASH FLOWS from investments.
When the economy changes due to a recurring cause. It can be seasonal or follow a business.
To appropriate property to the use of the state. To adjudge property to be forfeited to the public treasury; to seize and condemn private forfeited property to public use. Ware v. Hylton,
A union of the qualities of debtor and creditor in the same person. The effect of such a union is. generally, to extinguish the debt. 1 Salk. 306; Cro. Car. 551
One of the names of marriage, among the Romans. Tayl. Civil Law, 284.
In modern civil law. A joint possession. Mackeld. Rom. Law,
In French law. A family council. Certain acts require the sanction of this body. For example, a guardian can neither accept nor reject an inheritance to which the minor has succeeded without
In the civil law. To deposit in the custody of a third person a thing belonging to the debtor, for the benefit of the creditor, under the authority of a court of
The act or process of uniting several actions into one trial and judgment, by order of a court, where all the actions are between the same parties, pending in the same court,
A word used as a correlative to “attorney,” to denote one who constitutes another his agent or invests the other with authority to act for him. ‘ It is also used in
In ecclesiastical law. A ritual or book, containing the rites and forms of divine offices, or the customs of abbeys and monasteries
In English law. The commission received for carrying over or putting off the time of execution of a contract to deliver stocks or pay for them at a certain time. Wharton.
To make defense to an adverse claim in a court of law; to oppose, resist, or dispute the case made by a plaintiff. Pratt v. Breckinridge, 112 Ky. 1, 65 S. W.
In pleading. A form of allegation in which the trespass, criminal offense, or other wrongful act complained of is charged to have been committed on a specified day and to have “continued”
In old English law. Against gage and pledge. Bract, fol. 156. Contra legem facit qui id facit quod lex prohibit; in fraudem vero qui, salvis verbis legis, sententiam ejus circum- venit. He
Counterfeiting; as contrafactio sigilli regis, counterfeiting the king’s seal. Cowell. K
In common law. The sharing of a loss or payment among several. The act of any one or several of a number of co-debtors, co-sureties, etc., in reimbursing one of their number
See COGNIZANCE.