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| This dictionary contains: 8526 juridical terms |
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Mutuality of obligation
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Mutuality of obligationThe requirement for a valid contract that all parties are bound to perform some obligation under its terms.
RELATED TERMS--------------------------------------
Valid
An act, deed, will, and the like, which has received all the formalities required by law, is said to be valid or good in law.
Contract
A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract.
Parties
Contracts. Those persons who engage themselves to do, or not to do the matters and things contained in an agreement.
Obligation
In its general and most extensive sense, obligation is synony- mous with duty. In a more technical meaning, it is a tie which binds us to pay or to do something agreeably to the laws and customs of the country in which the obligation is made.
SIMILAR TERMS--------------------------------------
Mutual
Reciprocal.
Mutual assent
A meeting of the minds; agreement.
Mutuary
Contracts. A person who borrows personal chattels to be consumed by him, and returned to the lender in kind; the person who receives the benefit arising from the contract of mutuum.
Mutuum
Mutuum or loan for consumption. Contracts. A loan of personal chattels to be consumed by the borrower, and to be returned to the lender in kind and quantity; as a loan of corn, wine, or money, which are to be used or consumed, and are to be replaced by other corn, wine, or money.
PREVIOUS AND NEXT TERMS--------------------------------------
Mute
Persons. One who is dumb.
Mutilation
Criminal law. The depriving a man of the use of any of those limbs, which may be useful to him in fight, the loss of which amounts to mayhem.
Mutiny
Crimes. The unlawful resistance of a superior officer, or the raising of commotions and disturbances on board of a ship against the authority of its commander, or in the army in opposition to the authority of the officers; a sedition; a revolt.
Mutual
Reciprocal.
Mutual assent
A meeting of the minds; agreement.
Mutuality of obligation
Mutuary
Contracts. A person who borrows personal chattels to be consumed by him, and returned to the lender in kind; the person who receives the benefit arising from the contract of mutuum.
Mutuum
Mutuum or loan for consumption. Contracts. A loan of personal chattels to be consumed by the borrower, and to be returned to the lender in kind and quantity; as a loan of corn, wine, or money, which are to be used or consumed, and are to be replaced by other corn, wine, or money.
Mystery
Mytsrery or Mistery.This word is said to be derived from the French mestier now written mātier, a trade. In law it signifies a trade, art, or occupation.
Mystic
In a secret manner; concealed; as mystic testament, for a secret testament.
RELATED TERMS--------------------------------------
Valid
An act, deed, will, and the like, which has received all the formalities required by law, is said to be valid or good in law.
Contract
A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract.
Parties
Contracts. Those persons who engage themselves to do, or not to do the matters and things contained in an agreement.
Obligation
In its general and most extensive sense, obligation is synony- mous with duty. In a more technical meaning, it is a tie which binds us to pay or to do something agreeably to the laws and customs of the country in which the obligation is made.
SIMILAR TERMS--------------------------------------
Mutual
Reciprocal.
Mutual assent
A meeting of the minds; agreement.
Mutuary
Contracts. A person who borrows personal chattels to be consumed by him, and returned to the lender in kind; the person who receives the benefit arising from the contract of mutuum.
Mutuum
Mutuum or loan for consumption. Contracts. A loan of personal chattels to be consumed by the borrower, and to be returned to the lender in kind and quantity; as a loan of corn, wine, or money, which are to be used or consumed, and are to be replaced by other corn, wine, or money.
PREVIOUS AND NEXT TERMS--------------------------------------
Mute
Persons. One who is dumb.
Mutilation
Criminal law. The depriving a man of the use of any of those limbs, which may be useful to him in fight, the loss of which amounts to mayhem.
Mutiny
Crimes. The unlawful resistance of a superior officer, or the raising of commotions and disturbances on board of a ship against the authority of its commander, or in the army in opposition to the authority of the officers; a sedition; a revolt.
Mutual
Reciprocal.
Mutual assent
A meeting of the minds; agreement.
Mutuality of obligation
Mutuary
Contracts. A person who borrows personal chattels to be consumed by him, and returned to the lender in kind; the person who receives the benefit arising from the contract of mutuum.
Mutuum
Mutuum or loan for consumption. Contracts. A loan of personal chattels to be consumed by the borrower, and to be returned to the lender in kind and quantity; as a loan of corn, wine, or money, which are to be used or consumed, and are to be replaced by other corn, wine, or money.
Mystery
Mytsrery or Mistery.This word is said to be derived from the French mestier now written mātier, a trade. In law it signifies a trade, art, or occupation.
Mystic
In a secret manner; concealed; as mystic testament, for a secret testament.
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This dictionary contains 8526 terms.
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