Search results
Results From The WOW.Com Content Network
Revenue rule. v. t. e. In contract law, a choice of law clause or proper law clause[1] is a term of a contract in which the parties specify that any dispute arising under the contract shall be determined in accordance with the law of a particular jurisdiction. [2] An example is "This Agreement shall be governed by, and construed in accordance ...
The concept of bona fide is also proclaimed by the original version of Magna Carta. [5] In contract law, the implied covenant of good faith is a general presumption that the parties to a contract will deal with each other honestly and fairly, so as not to destroy the right of the other party or parties to receive the benefits of the contract.
An Antideficiency Act violation can also occur when a contract uses funds in a period that falls outside of the time period the funds are authorized for use under what is known as the Bona Fide Needs rule (31 USC 1502), which provides: "The balance of a fixed-term appropriation is available only for payment of expenses properly incurred during ...
t. e. A bona fide purchaser (BFP) – referred to more completely as a bona fide purchaser for value without notice – is a term used predominantly in common law jurisdictions in the law of real property and personal property to refer to an innocent party who purchases property without notice of any other party's claim to the title of that ...
“An antenuptial agreement is a contract between two people that is executed before marriage.” (in) arguendo: for the sake of argument bona fide: in good faith Implies sincere good intention regardless of outcome. / ˈ b oʊ n ə ˈ f aɪ d i / bona vacantia: ownerless goods cadit quaestio: the question falls
If there is an express selection, this choice will be respected so long as it is made bona fide, i.e. the subjective intention prevails unless the purpose is to: evade the operation of some mandatory provisions of a relevant law, there was an element of fraud or duress or undue influence involved in the signing of the contract, or
t. e. Nemo dat quod non habet, literally meaning "no one can give what they do not have", is a legal rule, sometimes called the nemo dat rule, that states that the purchase of a possession from someone who has no ownership right to it also denies the purchaser any ownership title. It is equivalent to the civil (continental) Nemo plus iuris ad ...
Callisher v Bischoffsheim. Callisher v Bischoffsheim (1869–70) LR 5 QB 449 is an English contract law case concerning consideration. It held that the compromise of a disputed claim made bonâ fide is a good consideration for a promise, even if it ultimately appears that the claim was wholly unfounded.