DEN AND STROND

den and strond (den an[d] strond).Hist. Permission for a ship to run aground or strand itself. [Blacks Law 8th]

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DEMUTUALIZATION

demutualization,n. The process of converting a mutual insurance company (which is owned by its policyholders) to a stock insurance company (which is owned by outside shareholders), usu. as a means of increasing the insurer’s capital by allowing the insurer to issue shares. • About half the states have demutualization statutes authorizing such a conversion. [Cases:…

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DEMURRER TO EVIDENCE

demurrer to evidence.A party’s objection or exception that the evidence is legally insufficient to make a case. • Its effect, upon joinder in the demurrer by the opposite party, is that the jury is discharged and the demurrer is entered on record and decided by the court. A demurrer to evidence admits the truth of…

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DEMURRER BOOK

demurrer book.A record of the demurrer issue used by the court and counsel in argument. [Blacks Law 8th]

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DEMURRER

demurrer  (di-m<<schwa>>r-<<schwa>>r).  [Law  French  demorer  “to  wait  or  stay”]  A pleading stating that although the facts alleged in a complaint may be true, they are insufficient for the  plaintiff  to  state  a  claim  for  relief  and  for  the  defendant  to  frame  an  answer.  •  In  most jurisdictions, such a pleading is now termed a motion…

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DEMURRANT

demurrant  (di-m<<schwa>>r-<<schwa>>nt).  A  party   who  interposes  a   demurrer.  See DEMURRER. [Blacks Law 8th]

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DISPATCH MONEY

“The contract may also provide that if … the loading time exceeds that fixed by the charter, the charterer will pay a liquidated compensation termed ‘contract demurrage.’ ” Frank L. Maraist, Admiralty in a Nutshell 56 (2d ed. 1988). noncontract demurrage.Demurrage not provided by contract, but ordered by a court. — Also termed damages for…

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