Post Obit in the United States
Post Obit Contract
(Lat.) An agreement by which the obligor borrows a certain sum of money, and promises to pay a larger sum, exceeding the lawful rate of interest, upon the death of a person from whom he has some expectation, if the obligor be then living.
Post Obit other Significance
Equity will, in general, relieve a party from these unequal contracts, as they are fraudulent on the ancestor. But relief will be granted only on equitable terms; for he who seeks equity must do equity.
See Also
- Catching Bargain
- Macedonian Decree
Post Obit in Foreign Legal Encyclopedias
| Link | Description |
|---|---|
| Post Obit | Post Obit in the World Legal Encyclopedia. |
| Post Obit | Post Obit in the European Legal Encyclopedia. |
| Post Obit | Post Obit in the Asian Legal Encyclopedia. |
| Post Obit | Post Obit in the UK Legal Encyclopedia. |
| Post Obit | Post Obit in the Australian Legal Encyclopedia. |
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Notice
This definition of Post Obit Is based on the The Cyclopedic Law Dictionary .