 | Thomas Reid - 1788 - 518 pages
...the preftation promifed. But we give the name of a contract to a tranfaction in which each CHAP, vi. party comes under an obligation to the other, and each reciprocally acquires a right to what is promifed by the other. The Latin word paffum feems to extend to both ; and the definition given... | |
 | 1791 - 610 pages
...acquifition, by -virtue of fome afloi another, is cffeiled by contract. A contract is a rnmfaction, in which each party comes under an obligation to the...other; and each reciprocally, acquires a right to what is promifed by the other.' * The ingredients requinte to form a contrail, arc firft, partie; ;... | |
 | Zephaniah Swift - Law - 1795 - 990 pages
...confideration, to do, or not to do a particular tiling, g A contract may be defcribcd, to be a traufaction in which, each party comes under an obligation to the other, and eacli reciprocally acquires a right to what is promifed by the other. In this delinition and defcription,... | |
 | Esq. John Kells - Law reports, digests, etc - 1797 - 530 pages
...bail; 3. of hiring or borrowing ; 4. of debt. 2 Black. Cm. Page 442 1. A contract is a tranfaAion, in which each party comes under an obligation to the other, and each reciprocally acquire a right to what is promifed by the other. Powell on Contracts. 6 3. All conditions repugnant... | |
 | Thomas Reid - Philosophy - 1803 - 734 pages
...other acquires & right to the preftation promifed. But we give the name of a contract to a tranfaction in which each party comes under an obligation to the other, and each reciprocally acquires a right to what is promifed by the other. The Latin word pattum feems to extend to both ; and the definition given... | |
 | United States. Supreme Court - Law reports, digests, etc - 1819 - 816 pages
...laws in question impair ics obligation ? contracs. 1 . What is a contract ? It may be defined to be 2 transaction between two or more persons, in which...and each reciprocally acquires a right to whatever i? promised by the other." Under this definition, sav. Mr. Powell, it is obvious, that every feoffinent,... | |
 | Thomas Reid - Philosophy - 1822 - 322 pages
...other acquires a right to the prestation promised. But we give the name of a contract to a transaction in which each party comes under an obligation to the other, and each reciprocally acquires a right to what is promised by the other. The Latin vrordpactum seems to extend to both ; and the definition given... | |
 | Nathan Dane - Law - 1823 - 722 pages
...contract executed. Mr. Powell thinks a contract is best defined thus, " a contract is a transaction in which each party comes under an obligation to the...other, and each, reciprocally, acquires a right to what is promised by the other." After all, we can properly understand what a contract is, but by seeing... | |
 | Daniel Dewar - Christian ethics - 1826 - 692 pages
...differs from a promise, in its being the mutual and voluntary engagement of two parties, in which each comes under an obligation to the other, and each reciprocally acquires a right to what is promised by the other. The observations made in the former chapter, as to the sense in which... | |
 | Daniel Dewar - Christian ethics - 1826 - 620 pages
...differs from a promise, in its being the mutual and voluntary engagement of two parties, in which each comes under an obligation to the other, and each reciprocally acquires a right to what is promised by the other. The observations made in the former chapter, as to the sense in which... | |
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It may be defined to be a transaction between two or more persons, in which each party comes under an obligation to the other, and each reciprocally acquires a right to whatever is promised by the other (Powell on Contr. 
