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" Powell states a contract to be 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 Obligation of Contracts Clause of the United States Constitution - Página 34
de Warren Belknap Hunting - 1919 - 122 páginas
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Essays on the Active Powers of Man: By Thomas Reid, ...

Thomas Reid - 1788 - 508 páginas
...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 paftum feems to extend to both ; and the definition given of...
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The Analytical Review, Or History of Literature, Domestic and ..., Volumen 9

1791 - 610 páginas
...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; ; fecondly,...
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Essays on the Powers of the Human Mind, Volumen 3

Thomas Reid - 1803 - 734 páginas
...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 of...
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The Works of Thomas Reid; with an Account of His Life and Writings, Volumen 3

Thomas Reid - 1822 - 322 páginas
...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 of it in the Civil Law, and...
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A General Abridgment and Digest of American Law: With Occasional ..., Volumen 1

Nathan Dane - 1823 - 728 páginas
...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 its obligation on one party...
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Elements of Moral Philosophy, Volumen 2

Daniel Dewar - 1826 - 620 páginas
...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 a promise is to be interpreted,...
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Elements of Moral Philosophy and of Christian Ethics, Volumen 2

Daniel Dewar - 1826 - 692 páginas
...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 a promise is to be interpreted,...
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Essays on the Powers of the Human Mind: To which are Added, An Essay on ...

Thomas Reid - 1827 - 706 páginas
...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 word pactum seems to extend to both ; and the definition given of it in the Civil Law, and...
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Speech of James Madison Porter ...: In the Convention of Pennsylvania, on ...

James Madison Porter - 1837 - 72 páginas
...contract? 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." Under this definition, says Mr. Powell, (Powell on Contracts, pa....
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Proceedings and Debates of the Convention of the Commonwealth of ..., Volumen 5

Pennsylvania. Constitutional Convention - 1838 - 696 páginas
...obvious that every feoffment, gift, grant, agreement, promise. &c. may be included, because in all there is a mutual consent of the minds of the parties concerned in them, upon an agreement between them, respecting some properly or right, that is the object of the stipulation....
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