Law Dictionary Definitions

boundary by acquiescence.See agreed boundary under BOUNDARY.[Blacks Law 8th]

  boundary. 1. A natural or artificial separation that delineates the confines of real property <the creek serves as a boundary between the two properties>. See METES AND BOUNDS. [Cases: Boundaries  1–25. C.J.S. Boundaries §§ 2–63.] “The object of all rules for the establishment of boundaries is to ascertain the actual location of the boundary…

bound,adj.1. Constrained by a contractual or other obligation <they are bound to make the payments by the first of each month>.2. (Of a court) constrained to follow a precedent <bound by a Supreme Court decision>. bound,n. (usu. pl.) 1.BOUNDARY <metes and bounds>.2. A limitation or restriction on action <within the bounds of the law>. bound,vb.…

bounced check.See bad check under CHECK.[Blacks Law 8th]

boulwarism.Labor law. A bargaining tactic in which an employer researches the probable outcome of collective bargaining and uses the information to make a firm settlement offer to a union on a take-it-or-leave-it basis, so that there is no real negotiation. • Boulwarism is now considered to be an unfair labor practice by the National Labor…

boulevard rule.The principle that the driver of a vehicle approaching a highway from a smaller road must stop and yield the right-of-way to all highway traffic. [Cases: Automobiles  171(5).][Blacks Law 8th]

bought note.See NOTE(1).[Blacks Law 8th]

bought and sold notes.Two memoranda prepared by a broker to record the sale of a note. • The broker sends the bought note to the purchaser, and sends the sold note to the seller.[Blacks Law 8th]

bottomry bond.See BOND(2). [Blacks Law 8th]

bottomry.Maritime law. A contract by which a shipowner pledges the ship as security for a loan to finance a voyage (as to equip or repair the ship), the lender losing the money if the ship is lost during the voyage. • The term refers to the idea that the shipowner pledges the ship’s bottom, or…