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

Category: P

PREPAID

a term that is used to signify that a thing has been paid in advance.

PARTNERSHIP ASSETS

the term that is applied to the property that belongs to a partnership and not the individual members.

POWERS SPECIAL

the authority that si given to an agent in order to perform acts that is different to performing on behalf of the principal.

PRIZE LAW

the term given to the international codes of law that govern property that is captured at sea.

POINT RESERVED

term applied when a difficult point of law is presented and the judge wants time to weigh and consider the matter.

PUBLIC NUISANCE

the term that is given to a violation of a public right that could lead to injury or harm.

PROBABLE CONSEQUENCES

These are the consequences or results that are likely to take place following an act or an event.

PUBLIC BEACH

the name that is given to a beach that is open to the public that is different from a private beach.

POST REM STATEMENT

term that is used for the declaration that is made after a transaction has been completed.

PARTY OF RECORD

a term that is applied to the person who has been designated formally as a person engaged in a suit or in an appeal.

PARTNER DORMANT

a term that is used for a silent partner who isn’t widely known as a partner in a business. See partner, silent.

POSITIVE WRONG

the term given to a wilful and premeditated act that is wrongful and with the intent to cause harm.

PARTNERSHIP ASSOCIATION

the term that is given to the association that is formed under existing laws limiting the responsibility of each partner to the sum of money he has invested.

PRIVATE RIGHTS

These are the basic rights that a person has to enjoy their own property, to own property and to go where they want to go, etc.

PARTIAL EVIDENCE

a term that is used for the evidence that will establish a fairly unimportant fact of a case.

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