L
Negligence, or unreasonable
delay, in pursuing a legal remedy, concurrent with a resultant prejudice to the
opposing party, whereby a person forfeits his right.
The unlawful taking and carrying
away of personal property without color of right, and with, intent to deprive
the rightful owner of the same. Larceny is commonly classified as grand or
petty, according to the value of the thing taken. Usually defined and
classified by various state statutes.
Land held under a lease.
Lat., the law of the country
where an action is brought. This regulates the forms of procedure and the
nature of the remedy to be obtained.
Lat., the law of the place where
a contract is made, i.e. Lex loci contractus; or thing is done, i.e., Lex loci
actus; tort is committed, i.e., Lex loci delicti; or where the thing, i.e.,
real estate, is situated, i.e., Lex loci rei sitae. It is usually applied in
suits relating to such contracts, transactions, torts, and real estate.
Defamatory writing; any
published matter which tends to degrade a person in the eyes of his neighbors,
or to render him ridiculous, or to injure his property or business. It may be
published by writing, effigy, picture, or the like. Cf. Slander. (2)
Broadcasting of defamatory matter by means of radio or television, weather or
not it is read from a manuscript. Id. ss 568A.
Permission or authority to do
something, which would be wrongful or
illegal to do, if the permission or authority were not granted. The permission
or authority may pertain to a public matter, e.g., the privilege of driving a
motor vehicle on the public highways, or to a private matter, e.g., the
privilege of manufacturing a patented article. In public matters, licenses are
often required in order to regulate the activity.
A security device, by which
there is created a right (1) to retain that which is in a person's possession,
belonging to another, until certain demands
off the person in possession are satisfied; or (2) to charge property in
another's possession with payment of a debt, e. g., a vendors lien. It may be
either (a) particular, arising out of some charge or claim connected with the
identical thing, (b) general, in respect of all dealings of a similar nature
between the parties; or (c) conventional, by agreement, express or implied,
between the parties, e.g., a mortgage; or (d) by operation of law, e.g., a lien
for taxes or an attorney's lien.
An interest in property which
has a termination date concurrent with someone's death. The interest may be
measured by the lifetime of the owner, who is called a life tenant, or by
someone else's lifetime.
The exact amount, which the
parties to a contract expressly agree must be paid, or may be collected, in the
event of a future default or breach of contract.
