Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Conditio dicitur cum quid in casum incertum qui potent tendere ad esse aut non esse confertur
It is called a condition when something is given for an uncertain event that may or may not come into existence.
Dutch-auction tender method
See Dutch auction (2) under AUCTION.
Lex neminem cogit ostendere quod nescire praesumitur
The law forces no one to make known what he is presumed not to know.
Nihil iniquius quam aequitatem nimis intendere
Nothing is more unjust than to extend equity too far.
Non debet dici tendere in praejudicium ecclesiasticae liberatatis quod pro rege et republica necessarium videtur
What seems necessary for the king and the state ought not to be said to tend to the prejudice of spiritual liberty.
Tender
n. 1. An unconditional offer of money or performance to satisfy a debt or obligation <a tender of delivery>. ( The tender may save the tendering party from a penalty for nonpayment or nonperformance or may, if the other party unjustifiably refuses the tender, place the other party in default.
Ubi lex aliquem cogit ostendere causam, necesse est quod causa sit justa et legitima
Where the law compels someone to show cause, it is necessary that the cause be just and legal.
cash tender offer
A tender offer in which the bidder offers to pay cash for the target's shares, as opposed to offering other corporate shares in exchange. ( Most tender offers involve cash.
creeping tender offer
The gradual purchase of a corporation's stock at varying prices in the open market. ( This takeover method does not involve a formal tender offer, although the SEC may classify it as such for regulatory purposes.
legal tender
The money (bills and coins) approved in a country for the payment of debts, the purchase of goods, and other exchanges for value. See TENDER (4).
nolo contendere
[Latin "I do not wish to contend"] NO CONTEST. - Often shortened to nolo.
non vult contendere
[Latin "he will not contest it"] NO CONTEST.
option tender bond
See put bond under BOND (3).
perfect tender
See TENDER (2).
perfect-tender rule
Commercial law. The principle that a buyer may reject a seller's goods if the quality, quantity, or delivery of the goods fails to conform precisely to the contract. Although the perfect-tender rule was adopted by the UCC (§ 2-601), other Code provisions -such as the seller's right to cure after rejection - have softened the rule's impact. Cf. SUBSTANTIAL-PERFORMANCE DOCTRINE. "At common law, a buyer of goods possessed a legal right to insist upon perfect tender' by the seller. If the goods failed to conform exactly to the description in the contract - whether as to quality, quantity or manner of delivery - the buyer could reject the goods and rescind the contract, which meant that the parties would be returned to the positions they occupied before the contract was entered into." Marvin A. Chirelstein, Concepts aged Case Analysis in the Law of Contracts 112 (1990).
plea of tender
At common law, a pleading asserting that the defendant has consistently been willing to pay the debt demanded, has offered it to the plaintiff, and has brought the money into court ready to pay the plaintitt. See TENDER.
tender of delivery
ee TENDER
tender of issue
Common-law pleading. A form attached to a traverse, by which the traversingparty refers the issue to the proper mode of trial. "[I]t is the object of all pleadings to bring the parties, in the course of their mutual altercations, to an issue that is a single entire point, affirmed on the one side and denied on the other; and it is to effect this object that the above rule was established. There can be no arrival at this point until one or the other of the parties, by the conclusion of his pleading, offers an issue for the acceptance of his opponent, and this offer is called the 'tender of issue.'" Benjamin J. Shipman, Handbook of CommonLaw Pleading § 254, at 446 (Henry Winthrop Ballantine ed., 3d ed. 1923).
tender of performance
An offer to perform, usu. necessary to hold the defaulting party to a contract liable for breach.
tender offer
A public offer to buy a minimum number of shares directly from a corporation's shareholders at a fixed price, usu. at a substantial premium over the market price, in an effort to take control of the corporation. - Also termed takeover offer; takeover bid. Cf. publicexchange offer under OFFER.
tender, plea of. See
PLEA OF TENDER.
tender-years doctrine
Family law. The doctrine holding that custody of very young children (usu. five years of age and younger) should generally be awarded to the mother in a divorce unless she is found to be unfit. ( This doctrine has been rejected in most states and replaced by a presumption of joint custody.