Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: L

LOGIC

The science of reasoning, or of the operations of the understanding which are subservient to the estimation of evidence. The term includes both the process itself of proceeding from known truths to

LOTTERY

A lottery Is any scheme for the disposal or distribution of property by ? chance among persons who have paid, or J LOU LE LEY DONE CHOSE 740

LYING IN GRANT

A phrase applied to incorporeal rights, incapable of manual tra- dition, and which must pass by mere delivery of a deed.

LIQUIDATED AND UNLIQUIDATED DAMAGES

The former term is applicable when the amount of the damages has been ascertained by the judgment in the action, or when a specific sum of money has been expressly stipulated by

LAW DAY

The day prescribed in a bond, mortgage, or defeasible deed for payment of the debt secured thereby, or, in default of payment, the forfeiture of the property mortgaged. But this does not

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