UPSET PRICE
In sales by auctions, an amount for which property to be sold is put up, so that the first bidder at that price is declared the buyer. Wharton. UPSUN. In Scotch law.
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In sales by auctions, an amount for which property to be sold is put up, so that the first bidder at that price is declared the buyer. Wharton. UPSUN. In Scotch law.
See HOMESTEAD.
City servitudes, or servitudes of houses, are called “urban.” They are the easements appertaining to the building and construction of houses; as, for instance, the right to light and air, or the
Lat. In Roman law. A city, or a walled town. Sometimes It is put for civilas, and denotes the inhabitants, or both tlie city and its inhabitants; i. e
L. Fr. Effect; practice. Mis en urc. put in practice; carried into effect Kelham.
Usage is a reasonable and lawful public custom concerning transactions of the same nature as those which are to be effected thereby, existing at the place where the obligation is to be
In mercantile law. The common period fixed by the usage or custom or habit of dealing between the country where a bill is drawn, and that where it is payable, for the
L. Fr. In old practice. The pursuing or bringing an action. Cowell.
This word Is said to be derived from “huissier,” and is the name of a subor- dinate officer in some English courts of law. Archb. Pr. 25. USHER OF THE BLACK ROD.
In Spanish law. Usage; that which arises from certain things which men say and do and practice uninterruptedly for a great length of time, without any hindrance whatever. Las Partidas, pt. 1,
Lat. Up to; until. This is a word of exclusion, and a release of all demands usque ad a certain day does not cover a bond made on that day. 2 Mod.
Up to the middle of the stream or road.
Habitual; ordinary; customary; according to usage or custom; commonly es- tablished, observed, or practised. See Chicago & A. R. Co. v. Hause. 71 111. App. 147; Kellogg v. Curtis. 69 Me. 214,
Lat In the civil law. One who had the mere use of a thing belonging to another for the purpose of supplying his daily wants; a usuary. Dig. 7, 8, 10, pr.;
A term of Roman law used to denote a mode of ac- quisition of property. It corresponds very nearly to the term “prescription.” But the prescription of Roman law differed from that
In the civil law. The right of enjoying a thing, the property of which is vested In another, and to draw from the same all the profit, utility, and advan- tage which
In the civil law. One who has the usufruct or right of enjoying anything in which he has no property, Cartwright v. Cartwright, 18 Tex. 628.
In French law. The same as the usufruct of the English and Roman law.
Lat. In the civil law. Money given for the use of money; interest. Commonly used in the plural, “usurce” Dig. 22, 1.
In old English law. A usurer. Fleta, lib. 2, c. 52,
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