KINKED DEMAND CURVE
Standard demand curve with a bend depicting competitors decreasing prices to match another’s, yet not raising prices to match another’s. Concern is that raising prices lose customers, so that once a business
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Standard demand curve with a bend depicting competitors decreasing prices to match another’s, yet not raising prices to match another’s. Concern is that raising prices lose customers, so that once a business
Defined by Ikujiro Nonaka, interactions between explicit and tacit knowledge form new ideas. Socialization (tacit to tacit), externalization (tacit to explicit), combination (explicit to explicit), and internalization (explicit to tacit) are the
Res mobiles. In the civil law. Movable things; things which may be transported from one place to another, without injury to their substance and form. Things corresponding with the chattels personal of
A measure of wine, oil, etc., containing eighteen gallons and a half. Cowell.
In English ecclesiastical law. Rural chapters, or conventions of the rural deans and parochial clergy, which were formerly held on the calends of every month; hence the name. Paroch. Antiq. 604.
A series of resolutions drawn up by Jefferson, and adopted by the legislature of Kentucky in 1799, protesting against the “alien and sedi- tion laws,” declaring their illegality, announcing the strict constructionist
Genus; generic class; description. See IN KIND.
A species of feudal tenure, which differed very slightly from a pure and perfect feud, being entirely of a military nature; and it was the first, most universal, and most honorable of
An account of time, exhibiting the days of the week and month, the seasons, etc. More commonly spelled “calendar.”
The jagged end of a stick of wood made by the cutting. Pub. St. Mass. 1S82, p. 1292.
Relatives by blood. “Kindred of the whole blood, preferred to kindred of the half blood.” 4 Kent, Comm. 404, notes. See Butler v. Elytou Land Co., 84 Ala. 384, 4 South. 675;
A court which used to be held twice a year by the bishop of Hereford, in England.
In the civil law. A calendar; a book of accounts, memorandum- book, or debt-book; a book in which accounts were kept of moneys loaned out on interest. Dig. 32, 04. So called
A customary cart-way; also a commutation for a customary carriage- duty. Cowell.
The supreme court of common law in England, being so called be- cause the king used formerly to sit there in person, the style of the court being “coram ipso rege.” It
An ancient guild or society formed by King Edgar.
In Saxon and old English law A man; a serving man. Buskarl, a seaman. Huskarl, a house servant. Spelman.
Fortified or embattled. Co. Litt. 5a.
Barristers or ser- jeants who have been called within the bar and selected to be the king’s counsel. They answer iu some measure to the advoeati fusel, or advocates of the revenue,
To assign to a bidder at an auction by a knock or blow of the hammer. Property is said to be “knocked down” when the auctioneer, by the fall of his hammer,