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Mutuary
MutuaryContracts. 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. RELATED TERMS-------------------------------------- Person This word is applied to men, women and children, who are called natural persons. Personal Belonging to the person. Benefit This word is used in the same sense as gain and profits. 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. 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. SIMILAR TERMS-------------------------------------- Mutual Reciprocal. Mutual assent A meeting of the minds; agreement. Mutuality of obligation The requirement for a valid contract that all parties are bound to perform some obligation under its terms. 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-------------------------------------- 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 The requirement for a valid contract that all parties are bound to perform some obligation under its terms. Mutuary 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. We thank you for using the Juridical Dictionary to search for Mutuary. If you have a better definition for Mutuary than the one presented here, please let us know by making use of the suggest a term option. This definition of Mutuary may be disputed by other professionals. Our attempt is to provide easy definitions on Mutuary and any other medical topic for the public at large.
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