COMMONALITY TEST

commonality test.The requirement that members of a group certified as a class in a class-action suit share at least one issue of law or fact whose resolution will affect all or a significant number of the putative class members. Cf. COMMON-CHARACTERREQUIREMENT. [Cases: Parties  35.17, 35.61–35.89. C.J.S. Parties §§ 31, 34–35.] [Blacks Law 8th]

Read More

COMMONABLE

commonable,adj.1. (Of an animal) allowed to graze on common land. 2. (Of land) capable of being held in common. [Blacks Law 8th].

Read More

COMMON

common,n.1. A legal right to use another person’s property, such as an easement. See PROFIT à PRENDRE. common appendant (<<schwa>>-pen-d<<schwa>>nt).Hist. A tenant’s right to graze animals on the landowner’s land as a result of long-standing practice. See profit appendant under PROFIT(2). “The … common appendant is founded on prescription, and is regularly annexed to arable…

Read More

COMMODITY FUTURES TRADING COMMISSION

Commodity Futures Trading Commission.A five-member federal commission that regulates trading in futures and options contracts and monitors the activities of commodity-exchange members, brokerage houses, commission-registered salespeople, and others associated with the industry. • The commission began operating in April 1975. 7 USCA § 2(a)(2). — Abbr. CFTC. [Cases: Commodity Futures Trading Regulation  51–61. C.J.S. Securities…

Read More