![]() |
||||||||||||||||
|
||||||||||||||||
|
Giving in payment
Giving in paymentThis term is used in Louisiana; it signifies that a debtor, instead of paying a debt he owes in money, satisfies his creditor by giving in payment a movable or immovable. RELATED TERMS-------------------------------------- Term 1) Construction. Word; expression speech. 2) Contracts. This word is used in the civil, law to denote the space of time granted to the debtor for discharging his obligation; there are express terms resulting from the positive stipulations of the agreement; as, where one undertakes to pay a certain sum on a certain day and also terms which tacitly result from the nature of the things which are the object of the engagement, or from the place where the act is agreed to be done. For instance, if a builder engage to construct a house for me, I must allow a reasonable time for fulfilling his engagement. 3) Estates. The limitation of an estate, as a term for years, for life, and the like. The word term does not merely signify the time specified in the lease, but the estate also and interest that passes by that lease; and therefore the term may expire during the continuance of the time, as by surrender, forfeiture and the like. 4) Practice. The space of time during which a court holds a session; sometimes the term is a monthly, at others it is a quarterly period, according to the constitution of the court. Louisiana The name of one of the new states of the United States of America. This state was admitted into the Union by the act of congress, entitled "An act for the admission of the state of Louisiana into the Union, and to extend the laws of the United States to the said state," approved April 8, 1812. Debtor Debtor or obligor. The person who has engaged to perform some obligation. The word obligor, in its more technical signification, is applied to designate one who makes a bond. Debt Whatever one owes. A sum of money due by certain and express agreement. Money Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money. Creditor Creditor or obligee. Contracts. The person in favor of whom some obliga- tion is contracted, whether such obligation be to pay money, or to do, or not to do something. Payment 1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country. SIMILAR TERMS-------------------------------------- PREVIOUS AND NEXT TERMS-------------------------------------- Giftoman Swedish law. He who has a right to dispose of a woman in marriage. Gill A measure of capacity, equal to one-fourth of a pint. Girantem Merchant law. . An Italian word, which signifies the drawer. It is derived from, girare, to draw, in the same manner as the English verb to murder, is transformed into murdrare in our old indictments. Girth A girth or yard is a measure of length. The word is of Saxon origin, taken from the circumference of the human body. Girth is contracted from girdeth, and signifies as much as girdle. Giver Contracts. He who makes a gift. By his gift, the giver always impliedly agrees with the donee that he will not revoke the gift. Giving in payment Gladius In our old Latin authors, and in the Norman laws, this word was used to signify supreme jurisdiction, jus gladii. Gleaning The act of gathering such grain in a field where it grew, as may, have been left by the reapers after the sheaves were gathered. Glebe Ecclesiastic law. The land which belongs to a church. It is the dowry of the church. Gleba est terra qua consistit dos ecclesiae. In the civil law it signified the soil of an inheritance; there were serfs of the glebe, called gleboe addicti. Gloss Interpretation, comment, explanation, or remark, intended to illustrate the text of an author. Glossator A commentator or annotator of the Roman law. One of the authors of the Gloss. We thank you for using the Juridical Dictionary to search for Giving in payment. If you have a better definition for Giving in payment than the one presented here, please let us know by making use of the suggest a term option. This definition of Giving in payment may be disputed by other professionals. Our attempt is to provide easy definitions on Giving in payment and any other medical topic for the public at large.
|
|||||||||||||||
| © Juridical Dictionary 2005. All rights reserved. | ||||||||||||||||