Definitions Flashcards
Ab initio
From the beginning
Action
A civil proceeding commenced by writ, summons or statement of claim or in such other manner as may be allowed by the court rules.
Ad hoc
For this purpose
Ad idem
In agreement; In accord
Ante
Earlier; Previously
Attachment
Attachment of debts
Baliee/ Bailor
Parties to Bailment
Bond
A contract under seal to pay a sum of money
Broker
A mercantile agent for the purchase and sale of goods, stocks and shares, policies or insurance etc. Remuneration for the broker is known as brokerage
Caveat
A warning made in proper form to a court or registrar to prevent any step being taken without notice first given to the person entering the caveat
Caveat Emptor
Let the buyer beware
Company
A body of persons asscociated together for the purpose of trade or business. It may be incorporated by; (a) Royal Charter, (b) special Act of Parliament or (c) registration under the corporations Act
Consensus ad idem
agreement as to the same thing
Contra Proferentum
Contrary to the interest of the party who prepared and seeks to rely upon ambigous documents
De facto
In fact.