Definition of Statute merchant. Meaning of Statute merchant. Synonyms of Statute merchant
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Definition of Statute merchant
Statute merchantStatute Stat"ute, n. [F. statut, LL. statutum, from L.
statutus, p. p. of statuere to set, station, ordain, fr.
status position, station, fr. stare, statum, to stand. See
Stand, and cf. Constitute, Destitute.]
1. An act of the legislature of a state or country,
declaring, commanding, or prohibiting something; a
positive law; the written will of the legislature
expressed with all the requisite forms of legislation; --
used in distinction fraom common law. See Common law,
under Common, a. --Bouvier.
Note: Statute is commonly applied to the acts of a
legislative body consisting of representatives. In
monarchies, legislature laws of the sovereign are
called edicts, decrees, ordinances, rescripts, etc. In
works on international law and in the Roman law, the
term is used as embracing all laws imposed by competent
authority. Statutes in this sense are divided into
statutes real, statutes personal, and statutes mixed;
statutes real applying to immovables; statutes personal
to movables; and statutes mixed to both classes of
2. An act of a corporation or of its founder, intended as a
permanent rule or law; as, the statutes of a university.
3. An assemblage of farming servants (held possibly by
statute) for the purpose of being hired; -- called also
statute fair. [Eng.] Cf. 3d Mop, 2. --Halliwell.
Statute book, a record of laws or legislative acts.
Statute cap, a kind of woolen cap; -- so called because
enjoined to be worn by a statute, dated in 1571, in behalf
of the trade of cappers. [Obs.] --Halliwell.
Statute fair. See Statute, n., 3, above.
Statute labor, a definite amount of labor required for the
public service in making roads, bridges, etc., as in
certain English colonies.
Statute merchant (Eng. Law), a bond of record pursuant to
the stat. 13 Edw. I., acknowledged in form prescribed, on
which, if not paid at the day, an execution might be
awarded against the body, lands, and goods of the debtor,
and the obligee might hold the lands until out of the
rents and profits of them the debt was satisfied; --
called also a pocket judgment. It is now fallen into
disuse. --Tomlins. --Bouvier.
Statute mile. See under Mile.
Statute of limitations (Law), a statute assigned a certain
time, after which rights can not be enforced by action.
Statute staple, a bond of record acknowledged before the
mayor of the staple, by virtue of which the creditor may,
on nonpayment, forthwith have execution against the body,
lands, and goods of the debtor, as in the statute
merchant. It is now disused. --Blackstone.
Syn: Act; regulation; edict; decree. See Law.
Meaning of Statute merchant from wikipedia
- Statute merchant
and statute staple
are two old forms
of security, long obsolete
practice, though references
to them still occur
in some modern...
- The statute
of frauds refers
to the requirement
that certain kinds
in writing, signed
by the party
to be charged, with sufficient...
- The Statute
was an Act of the Parliament
of England notable
as the first statutory expression
of English patent
law. Patents evolved
- The Merchant Marine
Act of 1920 is a United States federal statute
for the promotion
of the American merchant
- The Alien
(28 U.S.C. § 1350; ATS), also called
Act (ATCA), is a section
of the United States
Code that reads: "The...
in the Merchant Shipping
Act 1995. Merchant Shipping
Act The text of the statute
and (not) in force today
from the Statute
- economic crisis caused
by the Black
Death. The staple towns named
in the statute
were at Newcastle
upon Tyne, York, Lincoln, Norwich, Westminster, Canterbury...
in 1297, this time confirming
it as part of England's statute
law. The charter became
part of English political
life and was typically...
- College, it is also famous
for an early meeting
of Parliament where
the Statute merchant
was p****ed in 1283. The po****tion at the 2011 census
was 544. The...
- recording statute
. Three varieties
of recording statutes
exist: 1) Race statutes
, 2) Notice statutes
, and 3) Race-Notice statutes
. A race statute
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