Juridical Dictionary

This dictionary contains:
8526
juridical terms

Bonus




Bonus

Contracts. A premium paid to a grantor or vendor. A consideration given for what is received.

RELATED TERMS
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Premium
Contracts. The consideration paid by the insured to the insurer for making an insurance. It is so called because it is paid primo, or before the contract shall take effect.

Grantor
He by whom a grant is made.

Vendor
The seller; the person selling.

Consideration
Under common law, there can be no binding contract without consideration, which was defined in an 1875 English decision as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other". Common law did not want to allow gratuitous offers, those made without anything offered in exchange (such as gifts), to be given the protection of contract law. So they added the criteria of consideration. Consideration is not required in contracts made in civil law systems and many common law states have adopted laws which remove consideration as a prerequisite of a valid contract.



SIMILAR TERMS
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Bond
A written agreement by which a person insures he will pay a certain sum of money if he does not perform certain duties property.

Bond tenant
English law. Copyholders and customary tenants are sometimes so called.

Bondage
Slavery.

Bonis non amovendis
The name of a writ addressed to the sheriff, when a writ of error has been brought, commanding that the person against whom judgment has been obtained, be not suffered to remove his goods till the error be tried and determined.

Bono et malo
The name of a special writ of jail delivery, which formerly issued of course for each particular prisoner.

Bonus

Book
A general name given to every literary composition which is printed; but appropriately to a printed composition bound in a volume.

Booking
The process of photographing, fingerprinting, and recording identifying data of a suspect. This process follows the arrest.

Booking note
An undertaking whereby a carrier notifies a shipper that space has been reserved for the carriage of the shipper's goods aboard a particular vessel.

Book-land
English law. Land, also called charter-land, which was held by deed under certain rents and fee services, and differed in nothing from free socage land.

Books
Commerce, accounts. Merchants, traders, and other persons, who are desirous of understanding their affairs, and of explaining them when necessary, keep, 1. a day book; 2. a journal; 3. a ledger; 4. a letter book; 5. an invoice book; 6. a cash book; 7. a bill book; 8. a bank book; and 9. a cheek book. The reader is referred to these several articles

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This dictionary contains 8526 terms.







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