Professional Documents
Culture Documents
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to-have-and-to-hold clause. [Cases: Deeds 120. C.J.S. Deeds 36, 231236, 253
260, 262, 268,
270274, 276278.] 2.Oil & gas. The provision in an oil-and-gas lease defining how
long the
interest granted to the lessee will extend. Modern oil-and-gas leases typically
provide for a
primary term a fixed number of years during which the lessee has no obligation
to develop the
premises and a secondary term (for so long thereafter as oil and gas produced)
once
development takes place. Most jurisdictions require production of paying quantities
to keep the
lease in effect. Also termed term clause. [Cases: Mines and Minerals 73.5. C.J.S.
Mines and
Minerals 241, 247, 253254.] Often shortened to habendum.
This part of the deed was originally used to determine the interest granted, or to
lessen,
enlarge, explain or qualify the premises. But it cannot perform the office of divesting
the estate
already vested by the deed; for it is void if it be repugnant to the estate granted. It
has degenerated
into a mere useless form; and the premises now contain the specification of the
estate granted, and
the deed becomes effectual without any habendum. If, however, the premises
should be merely
descriptive, and no estate mentioned, then the habendum becomes efficient to
declare the intention;
and it will rebut any implication arising from the silence of the premises. 4 James
Kent,
Commentaries on American Law *468 (George Comstock ed., 11th ed. 1866).
HABENDUM ET TENENDUM
habendum
et
tenendum
(h<<schwa>>-ben-d<<schwa>>m
et
t<<schwa>>-nen-d<<schwa>>m). [Law Latin] Hist. To have and to hold. This
formal phrase
appeared in land deeds and defined the estate or interest being transferred. See
HABENDUM
CLAUSE ; TENENDUM.
HABENTES HOMINES
habentes homines (h<<schwa>>-ben-teez hom-<<schwa>>-neez), n.[Law Latin
men who
have] Hist. Rich men. Also termed foesting-men.
HABERE
habere (h<<schwa>>-beer-ee), vb.[Latin to have] Roman law. To have (the right
to)
something. This term was sometimes distinguished from tenere (to hold) and
possidere (to
possess), with habere referring to the right, tenere to the fact, and possidere to
both.
Habere has two meanings; for we say that the owner of a thing has' it and also
that a
nonowner who holds the thing has' it. Lastly, we use the word in relation to
property deposited
with us. Digest of Justinian 45.1.38.9 (Ulpian, Ad Sabinum 49).
HABERE FACIAS POSSESSIONEM
habere
facias
possessionem
(h<<schwa>>-beer-ee
fay-shee-<<schwa>>s
p<<schwa>>-zes[h]-ee-oh-n<<schwa>>m), n.[Law Latin that you cause to have
possession]
Hist. A writ giving a successful ejectment-action plaintiff the possession of the
recovered land. If
the sheriff delivered more than the person was entitled to, a writ of rehabere facias
seisinam could
compel the sheriff to return the excess. Often shortened to habere facias or hab.
fa.
H
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GRANTEE
grantee. One to whom property is conveyed.
GRANTEE GRANTOR INDEX
granteegrantor index.See INDEX(1).
GRANTING CLAUSE
granting clause.The words that transfer an interest in a deed or other instrument,
esp. an
oil-and-gas lease. In an oil-and-gas lease, the granting clause typically specifies
the rights
transferred, the uses permitted, and the sub-stances covered by the lease. [Cases:
Deeds 2837;
Mines and Minerals 73, 73.1. C.J.S. Deeds 19, 3438, 4042, 4453; Mines and
Minerals
233, 238, 240246, 265, 291, 442.]
GRANTOR
grantor. 1. One who conveys property to another. [Cases: Deeds 10, 30. C.J.S.
Deeds 23,
PLEDGEE
pledgee. One with whom a pledge is deposited. [Cases: Pledges 8.C.J.S. Pledges
6.]
PLEDGERY
pledgery.Archaic. See SURETYSHIP(1).
PLEDGOR
pledgor. One who gives a pledge to another. Also spelled pledger. [Cases: Pledges
8.
C.J.S. Pledges 6.]
PLEDGE
pledge,n.1. A formal promise or undertaking. 2. The act of providing something as
security
for a debt or obligation. [Cases: Pledges 1.C.J.S. Pledges 24, 610.] 3. A
bailment or other
deposit of personal property to a creditor as security for a debt or obligation; PAWN
(2). See
contract to pledge under CONTRACT. Cf. LIEN(1); PIGNUS(1).4. The item of personal
property
so deposited; PAWN(1).5. The thing so provided. Formerly also termed safepledge. 6. A
security interest in personal property represented by an indispensable instrument,
the interest
being created by a bailment or other deposit of personal property for the purpose of
securing the
payment of a debt or the performance of some other duty. 7.Hist. A person who acts
as a surety for
the prosecution of a lawsuit. In early practice, pledges were listed at the end of
the declaration.
Over time the listing of pledges became a formality, and fictitious names (such as
John Doe or
Richard Roe) were allowed. pledge,vb. pledgeable,adj.
A pledge is something more than a mere lien and something less than a
mortgage. Leonard
A. Jones, A Treatise on the Law of Collateral Securities and Pledges 2, at 4 (Edward
M. White
rev., 3d ed. 1912).
A pledge is a bailment of personal property to secure an obligation of the bailor. If
the
purpose of the transaction is to transfer property for security only, then the courts
will hold the
transaction a pledge, even though in form it may be a sale or other out-and-out
transfer. Ray
Andrews Brown, The Law of Personal Property 128, at 622 (2d ed. 1936).
The pledge is as old as recorded history and is still in use, as the presence of
pawnbrokers
attests. In this transaction the debtor borrows money by physically transferring to a
secured party
the possession of the property to be used as security, and the property will be
returned if the debt is
repaid. Since the debtor does not retain the use of pledged goods, this security
device has obvious
disadvantages from the debtor's point of view. Ray D. Henson, Secured
Transactions 3-1, at 17
(3d ed. 1983).
SOLEMNITY
solemnity (s<<schwa>>-lem-n<<schwa>>-tee).1. A formality (such as a
ceremony) required
by law to validate an agreement or action <solemnity of marriage>.2. The state of
seriousness or
solemn respectfulness or observance <solemnity of contract>.
SOLEMNITY OF CONTRACT
solemnity of contract.The concept that two people may enter into any contract they
wish and
that the resulting contract is enforceable if formalities are observed and no
defenses exist. [Cases:
Contracts 1. C.J.S. Contracts 23, 9, 12.]
SOLEMNIZATION
solemnization. The performance of a formal ceremony (such as a marriage
ceremony) before
witnesses, as distinguished from a clandestine ceremony. [Cases: Marriage 26.
C.J.S. Marriage
30, 33.]
SOLEMNIZE
solemnize (sol-<<schwa>>m-nIz), vb. To enter into (a marriage, contract, etc.) by a
formal
act, usu. before witnesses. [Cases: Marriage 26. C.J.S. Marriage 30, 33.]
DISAVOW
disavow (dis-<<schwa>>-vow), vb. To disown; to disclaim knowledge of; to
repudiate <the
company disavowed the acts of its agent>. disavowal,n.
REPUDIATION
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