An automatic, or manual system of inventory accounting in which the inventory is accounted using a FIFO based method, in which any deliveries or adjustments are made as soon as […]

An automatic, or manual system of inventory accounting in which the inventory is accounted using a last in, first out based in which any deliveries or adjustments are made as […]

A system of controlling the inventory in which the total stock can be checked at any point in time by just obtaining the stock records. In this method, a certain […]

A pattern which determines the continuation of any firm. The death of the owner does not have any effect on the firm’s operations.

A proceeding for taking and preserving the testimony of witnesses, which otherwise might be lost before the trial in which it is intended to be used. It is usually allowed […]

A future limitation , whether executory or by way of remainder, and of either real or personal property , which is not to vest until after the expiration of or […]

That fiction of the English law which for certain political purposes ascribes to the king in his political capacity the attribute of immortality; for, though the reigning monarch may die, […]

In Its most extensive sense, ” perquisites ” signifies anything obtained by industry or purchased with money, dif PERQUISITES 895 PERSONALIS ACTIO ferent from that which descends from a father […]

In old English law . A purchaser; one who first acquired an estate to his family; one who acquired an estate by sale, by gift, or by any other method, […]

Lat. In the civil law . A following after ; a pursuing at law; a suit or prosecution . Properly that kind of judicial proceeding before the prretor which was […]

To persist and overcome a number of issues to achieve a goal. Usually includes physical, or mental barriers.

The amount of time that a substance can persist in any environment after being introduced in to a new surrounding.

The percentage by which the policies of an insurance company remain enforced, without any lapse or replacement on the part of other insurers.

Certain substances, such as heavy metals, which do not take any effect from the environment . These substances are usually poisonous for animals and plants.

A man considered according to the rank he holds in society, with all the rights to which the place he holds entitles him, and the duties which it imposes. 1 […]

The demands of a job or role that must be played by an individual , usually in conflict with her or her skills and personality .

Usually a set of skills that must be possessed by any person to become eligible for any job, which requires those skills.

Lat. In the civil law . Character, in virtue of which certain rights belong to a man and certain duties are im- posed upon him. Thus one man may unite […]

Any person who has been pinpointed and named specifically in any lawsuit. The person must belong to a certain group.

A person who is accepted by those whose acceptance is required in a scenario.

A person who is rejected by those whose acceptance is required in a scenario.

Having the rights and powers of a person ; able to hold or maintain a plea in court; also capacity to take anything granted or given. Personae vice fungitnr municipinm […]

the nature or partaking of the qualities of human beings, or of movable property. As to personal “Action,” “Assets,” “Chattels,” “Contract,” “Covenant,” “Credit,” “De- mand,” “Disability,” “Franchise,” “Injury,” “Judgment,” “Knowledge,” […]

Accounts that are used to record sales and purchases with others, such as the debtors and the creditors.

In the civil law . An action in personam . A personal action seeks to enforce an obligation imposed on the defendant by his contract or delict; that is. it […]