A public corporation, created by government for political purposes, and having subordinate and local powers of legislation; c. g., a coun- ty, town, city, etc. 2 Kent, Comm. 275. An incorporation of persons, inhabitants of a particular place, or connected with a particular district, enabling them to conduct its local civil government. Glov. Mun. Corp. 1. In English law. A body of persons in a towu having the powers of acting as one person, of holding and transmitting property, and of regulating the government of the town. Such corporations existed in the chief towns of England (as of other countries) from very early times, deriving their authority from “incorporating” charters granted by the crown. Wharton.
Black’s Law Dictionary, Pocket Edition is the top-selling paperback law dictionary for good reason. With more than 19,000 definitions from the industry-standard Black’s Law Dictionary 10th, it is an essential reference tool for legal terms in a compact format.
Black’s Law Dictionary, Pocket Edition is the top-selling paperback law dictionary for good reason. With more than 19,000 definitions from the industry-standard Black’s Law Dictionary 10th, it is an essential reference tool for legal terms in a compact format.
THE 10 MAXIMS OF COMMERCIAL LAW 1. A workman is worthy of his hire. 2. All are equal under the law. 3. In commerce, truth is sovereign. 4. Truth is expressed in the form of an affidavit. 5. An unrebutted affidavit stands as truth in commerce. 6. An unrebutted affidavit becomes judgment in commerce. 7. A matter must be expressed to be resolved. 8. He who leaves the field of battle first loses by default. 9. Sacrifice is the measure of credibility. 10. A lien or claim can be satisfied only through (a) rebuttal by counter affidavit point by point; (b) resolution by a jury; or (c) payment or performance of the claim.
THE 10 MAXIMS OF COMMERCIAL LAW 1. A workman is worthy of his hire. 2. All are equal under the law. 3. In commerce, truth is sovereign. 4. Truth is expressed in the form of an affidavit. 5. An unrebutted affidavit stands as truth in commerce. 6. An unrebutted affidavit becomes judgment in commerce. 7. A matter must be expressed to be resolved. 8. He who leaves the field of battle first loses by default. 9. Sacrifice is the measure of credibility. 10. A lien or claim can be satisfied only through (a) rebuttal by counter affidavit point by point; (b) resolution by a jury; or (c) payment or performance of the claim.