Legal Term Dictionary

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  • NEGOTIABILITY
    In mercantile law. Transferable quality. That quality of bills of exchange and promissory notes which renders them transferable from one person to another, and from possessing which they are emphatically termed "negotiable paper." 3 Kent, Comm. 74, 77, 89, et seq. See Story, Bills, | 60.
  • NEGOTIABLE
    An instrument embodying an obligation for the payment of money is called "negotiable" when the legal title to the instrument itself and to the whole amount of money expressed upon its face, with the right to sue therefor in his own name, may be transferred from one person to another More...
  • NEGOTIATE
    To discuss or arrange a sale or bargain; to arrange the preliminaries of a business transaction. Also to sell or discount negotiable paper, or assign or transfer it by indorsement and delivery. Palmer v. Perry, 6 Gray (Mass.) 420; Newport Nat. Bank v. Board of Education, 114 Ky. 87, 70 More...
  • NEGOTIATION
    The deliberation, discussion, or conference upon the terms of a proposed agreement; the act of settling or arranging the terms and conditions of a bargain, sale, or other business transaction. Also the transfer of, or act of putting into circulation, a negotiable instrument
  • NEGOTIORUM GESTIO
    Lat. In the civil law. Literally, a doing of business or businesses. A species of spontaneous agency, or an interference by one in the affairs of another, in his absence, from benevolence or friendship, and without authority. 2 Kent, Comm. 616, note; Inst. 3, 28, 1.
  • NEGOTIORUM GESTOR
    Lat In the civil law. A transacter or manager of business; a person voluntarily constituting himself agent for another; one who, without any mandate or authority, assumes to take charge of an affair or concern for another person, in the latter's absence, but for his interest. One who spontaneously, and More...
  • NEGRO
    The word, "negro" means a black man, one descended from the African race, and does not commonly include a mulatto. Felix v. State, 18 Ala. 720. But tbe laws of the different states are not uniform in this respect, some including in the description "negro" one who has one-eighth or More...
  • NEIF
    In old English law. A woman who was born a villein, or a bondwoman.
  • NEIGHBORHOOD
    A place near; an adjoining or surrounding district; a more immediate vicinity; vicinage. See Langley v. Barnstead, 63 N. H. 246; Madison v. Mor-rlstown Gaslight Co., 65 N. J. Eq. 356, 54 Atl. 439; Rice v. Sims, 3 HiU (S. C.) 5; Lindsay Irr. Co. v. Mehrtens, 97 Cal. 676, More...
  • NEITHER PARTY
    An abbreviated form of docket entry, meaning that, by agreement, neither of the parties will further appear in court in that suit Gendron v. Hovey, 98 Me. 139, 56 Ati. 583.
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