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Simple
SimpleNot compounded, alone; as, simple interest, which is interest on the principal sum lent only and not interest on the interest; simple contract, &c. RELATED TERMS-------------------------------------- Simple Not compounded, alone; as, simple interest, which is interest on the principal sum lent only and not interest on the interest; simple contract, &c. Interest 1) Estates. The right which a man has in a chattel real, and more particularly in a future term. It is a word of less efficacy and extent than estates, though, in legal understanding, an interest extends to estates, rights and titles which a man has in or out of lands, so that by a grant of his whole interest in land, a reversion as well as the fee simple shall pass. 2) Contracts. The right of property which a man has in a thing, commonly called insurable interest. 3) Evidence. The benefit which a person has in the matter about to be decided and which is in issue between the parties. Principal 1) This word has several meanings. It is used in opposition to accessary, to show the degree of crime committed by two persons; thus, we say, the principal is more guilty than the accessary after the fact. 2) Contracts. One who, being competent to contract, and who is sui juris, employs another to do any act for his own benefit, or on his own account. 3) Criminal law. A principal is one who is the actor in the commission of a crime. 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. SIMILAR TERMS-------------------------------------- Simple contract One, the evidence of which is merely oral, or in writing, not under seal, nor of record. Simple larceny The felonious taking and carrying away the personal goods of another, unattended by acts of violence; it is distinguished from compound larceny, which is the stealing from the person or with violence. Simple obligation An unconditional obligation, one which is to be performed without depending upon any event provided by the parties to it. Simple trust A simple trust corresponds with the ancient use, and is where property is simply vested in one person for the use of another, and the nature of the trust, not being qualified by the settler, is left to the construction of law. It differs from a special trust. Simplex Simple or single; as, charta simplex, is a deed-poll, of single deed. Simpliciter Simply, without ceremony; in a summary manner. PREVIOUS AND NEXT TERMS-------------------------------------- Silence The state of a person who does not speak, or of one who refrains from speaking. Silent leges inter arma Laws are silent amidst arms. The law of military necessity supersedes all civil law. In time of war administration of the municipal law may be suspended. Silva caedua By these words in England is understood every sort of wood, except gross wood of the age of twenty years. Similiter Pleading. When the defendant's plea contains a direct contradiction of the declaration, and concludes with referring the matter to be tried by a jury of the country, the plaintiff must do so too; that is, he must also submit the matter to be tried by a jury, without offering any new answer to it, and must stand or fall by his declaration. Simony Ecclesiastical law. The selling and buying of holy orders, or an ecclesiastical benefice. Bac. Ab. h. t.; 1 Harr. Dig. 556. By simony is also understood an unlawful agreement to receive a temporal reward for something holy or spiritual. Simple Simple contract One, the evidence of which is merely oral, or in writing, not under seal, nor of record. Simple larceny The felonious taking and carrying away the personal goods of another, unattended by acts of violence; it is distinguished from compound larceny, which is the stealing from the person or with violence. Simple obligation An unconditional obligation, one which is to be performed without depending upon any event provided by the parties to it. Simple trust A simple trust corresponds with the ancient use, and is where property is simply vested in one person for the use of another, and the nature of the trust, not being qualified by the settler, is left to the construction of law. It differs from a special trust. Simplex Simple or single; as, charta simplex, is a deed-poll, of single deed. 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