Posts by admin

good and workmanlike.(Of a product or service) characterized by quality craftsmanship; constructed or per-formed in a skillful way or method <the house was built in a good and workmanlike manner  [Blacks Law 8th]

good and valuable consideration.See valuable consideration under CONSIDERATION(1). [Blacks Law 8th]

good and merchantable abstract of title.See ABSTRACT OF TITLE. [Blacks Law 8th]

good and lawful fence.See LAWFUL FENCE. [Blacks Law 8th]

good,adj.1. Sound or reliable <a good investment>.2. Valid, effectual, and enforceable; sufficient under the law <good title good,n. See GOODS. [Blacks Law 8th]

gold standard.A monetary system in which currency is convertible into its legal equivalent in gold or gold coin. • The United States adopted the gold standard in 1900 and abandoned it in 1934. Cf. PAPER STANDARD. [Blacks Law 8th]

goldsmiths’ notes.Hist. Bankers’ cash notes; promissory notes given by bankers to customers as acknowledg-ments of the receipt of money. • This term derives from the London banking business, which originally was transacted by goldsmiths. [Blacks Law 8th]

golden-rule argument.A jury argument in which a lawyer asks the jurors to reach a verdict by imagining themselves or someone they care about in the place of the injured plaintiff or crime victim. • Because golden-rule arguments ask the jurors to become advocates for the plaintiff or victim and to ignore their obligation to exercise…

golden rule.The principle that, in construing written instruments, a court should adhere to the grammatical and ordinary sense of the words unless that adherence would lead to some manifest absurdity; esp., in statutory construction, the principle that if a statute’s literal meaning would lead to an absurd or unjust result, or even to an inconsistency…

golden parachute.An employment-contract provision that grants an upper-level executive lucrative severance benefits — including long-term salary guarantees or bonuses — if control of the company changes hands (as by a merger). Cf. TIN PARACHUTE. [Cases: Corporations 308(3). C.J.S. Corporations §§ 532–533, 536.] “Key executives may be provided with significant employment contract clauses that are triggered…