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Time of the essence clause
Time of the essence clauseA clause making timely performance as specified in the contract a material requirement, allowing for suit if not complied with. RELATED TERMS-------------------------------------- Clause Contracts. A particular disposition which makes part of a treaty; of an act of the legislature; of a deed, written agreement, or other written contract or will. Performance The act of doing something; the thing done is also called a performance. 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. Suit An action. The word suit in the 25th section of the judiciary act of 1789, applies to any proceeding in a court of justice, in which the plaintiff pursues, in such court, the remedy which the law affords him. An application for a prohibition is therefore a suit. SIMILAR TERMS-------------------------------------- Time Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions. Time limitations A common law term (also known as "time-bars") referring to periods of time, prescribed by statutes ("statutes of limitation") or international conventions, the expiry of which results in the loss of the right to sue to enforce a claim or right. Although the common law traditionally viewed most time limitations as procedural and therefore subject to the lex fori (supra), they are increasingly understood as substantive, and thus governed by the law applicable to the underlying contract or tort. PREVIOUS AND NEXT TERMS-------------------------------------- Tierce Measures. A liquid measure containing the third part of a pipe, or forty-two gallons. Tigni immittendi Civil law. The name of a servitude; it is the right of inserting a beam or timber from the wall of one house into that of a neighboring house, in order that it may rest on the latter, and that the wall of the latter may bear this weight. Timber trees According to Blackstone, oak, ash, elm, and such other trees as are commonly used for building, are considered timber. 2 Comm. 28. But it has been contended, arguendo, that to make it timber, the trees must be felled and severed from the stock Time Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions. Time limitations A common law term (also known as "time-bars") referring to periods of time, prescribed by statutes ("statutes of limitation") or international conventions, the expiry of which results in the loss of the right to sue to enforce a claim or right. Although the common law traditionally viewed most time limitations as procedural and therefore subject to the lex fori (supra), they are increasingly understood as substantive, and thus governed by the law applicable to the underlying contract or tort. Time of the essence clause Tippling house A place where spirituous liquors are sold and drunk in vio-lation of law. Sometimes the mere selling is considered as evidence of keeping a tippling house. Tipstaff An officer appointed by the marshal of the court of king's bench, to attend upon the judges with a kind of a rod or staff tipped with silver. Tithes English law. A right to the tenth part of the produce of, lands, the stocks upon lands, and the personal industry of the inhabitants. These tithes are raised for the support of the clergy. Tithing English law. Formerly a district containing ten men with their fam-ilies. In each tithing there was a tithing man whose duty it was to keep the peace, as a constable now is bound to do. Title 1) Estates. A title is defined by Lord Coke to be the means whereby the owner of lands hath the just possession of his property. 2) Legislation That part of an act of the legislature by which it is known, and distinguished from other acts the name of the act. 3) Rights. The name of a newwpaper a book, and the like. We thank you for using the Juridical Dictionary to search for Time of the essence clause. If you have a better definition for Time of the essence clause than the one presented here, please let us know by making use of the suggest a term option. This definition of Time of the essence clause may be disputed by other professionals. Our attempt is to provide easy definitions on Time of the essence clause and any other medical topic for the public at large.
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