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Mutuum
MutuumMutuum 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. RELATED 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. Loan 1) A loan in general implies that a thing is lent without reward; but, in some cases, a loan may be for a reward; as, the loan of money. 2) Contracts. The act by which a person lets another have a thing to be used by him gratuitously, and which is to be returned, either in specie or in kind, agreeably to the terms of the contract. The thing which is thus transferred is also called a loan. Personal Belonging to the person. Quantity Pleading. That which is susceptible of measure. Corn In its most comprehensive sense, this term signifies every sort of grain, as well as peas and beans, this is its meaning in the memorandum usually contained in policies of insurance. But it does not include rice. 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. 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. 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. PREVIOUS AND NEXT TERMS-------------------------------------- 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 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 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 Mutuum. If you have a better definition for Mutuum than the one presented here, please let us know by making use of the suggest a term option. This definition of Mutuum may be disputed by other professionals. Our attempt is to provide easy definitions on Mutuum and any other medical topic for the public at large.
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