Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Misadventure
1. A mishap or misfortune. 2. Homicide committed accidentally by a person doing a lawful act and having no intent to injure; ACCIDENTAL KILLING,
Venturer
, n. One who risks something in a business enterprise.
adventure
a commercial undertaking that has an element of risk; a venture. cf'. joint venture. 2. marine insurance. a voyage involving financial and insurable risk, as to a shipment of goods.
adventurer
a person who undertakes a hazardous action or enterprise; one with a stake in a commercial adventure.
bill of adventure.
Maritime law. A shipper's written statement that the shipped property belongs to another and is conveyed at the owner's risk.
co-adventurer
See COVENTURER.
coventurer
A person who undertakes a joint venture with one or more persons. - Also termed co-adventurer. Cf. JOINT VENTURE.
death by misadventure
See :uVIDFNTAI. KILLING.
gross adventure
a loan on bottomry, so called because the lender will be liable for the gross (or general) average. see bottomry
gross adventure.
See ADVENTURE.
homicide by misadventure
See ACCIDENTAL KILLING.
joint adventure
See JOINT VENTURE.
joint venture
A business undertaking by two or more persons engaged in a single defined project. ( The necessary elements are: (1) an express or implied agreement; (2) a common purpose that the group intends to carry out; (3) shared profits and losses; and (4) each member's equal voice in controlling the project. -Also termed joint adventure; joint enterprise. Cf. PARTNERSHIP; STRATEGIC ALLIANCE. "There is some difficulty in determining when the legal relationship of joint venture exists, with authorities disagreeing as to the essential elements .... The joint venture is not as much of an entity as is a partnership." Henry G. Henn & John R. Alexander, Laws of Corporations ยง 49, at 106 (3d ed. 1983).
joint-venture corporation
See CORPORATION.
killing by misadventure
See ACCIDENTAL KILL, ING.
venture
An undertaking that involves risk; esp., a speculative commercial enterprise.
venture capital
Funds invested in a new enterprise that has high risk and the potential for a high return. - Also termed risk