LAW

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Legal Terms -concurrent interests
simultaneous land ownership by two or more people; see, for instance, *joint tenancy and *tenancy in common


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Legal Terms -concurrent jurisdiction
The portion of the Court of Chancery's jurisdiction that was equally enforced in common law courts prior to the Judicature Acts 1873–75; equity typically assumed jurisdiction when common law remedies proved insufficient. All High Court divisions have concurrent jurisdiction under the Judicature Acts, however the Chancery Division is where certain remedies, such particular performance and injunctions, are more frequently requested.




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Legal Terms - Completion
Completion is the term used to describe the moment in land law when ownership of a plot of land covered by a contract for sale changes hands. In exchange for the title deeds and, in the event that the land is unregistered, a legal conveyance of the land to him, the buyer gives over any outstanding balance of the purchase price. A straightforward transfer form that needs to be submitted to the *Land Registry is given to the buyer if the land is registered. Either way, until title is registered, the buyer is not the land's legitimate owner.


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Legal Terms - composition
A deal whereby a debtor and his creditors agree to pay off a portion of the debts in exchange for the obligations being discharged. The agreement might need to be registered by the debtor as a *deed of arrangement.


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Legal Terms – Compos Mentis
[Latin: possessed of mind] compos mentis Sane and of sound mind. It takes a compos mentis party to make a legitimate contract



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Legal Terms - Compound
To create a *composition with creditors using compound


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Legal Terms – Compounding and Offence
compounding an offence The offence of accepting or consenting to accept *consideration in exchange for withholding information that could be used to convict or prosecute a person who has committed a *indictable offence (reasonable compensation for loss or injury resulting from the offence is not included in this consideration; see Criminal Law Act 1967, s. 5). Additionally, advertising a reward for stolen goods with the assurance that "no questions will be asked" or that the person supplying the goods "will be safe from inquiry" is a unique statutory offense (Theft Act 1968 § 23).



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Legal Terms – Compound Settlement
A land settlement that results from a number of trust agreements, such as a resettlement after a *entailed interest is barred. The trustees of the original settlement—or, in the absence of any—those of the resettlement—are recognized as the trustees of the compound settlement under the Settled Land Act of 1925. As a result, the tenant for life can always outweigh the interests of every other beneficiary.


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Legal Terms – Compromise
compromise: A mutually agreed-upon resolution to a contested claim. All pending legal proceedings are concluded. The conditions of the settlement may be included in a consent order, which is a decision rendered by the court, or they may establish a contract between the parties.



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