Law Dictionary Definitions

barony (bar-<<schwa>>n-ee).1.BARON(1).2.TENURE(2). BARRA barra (bah-r<<schwa>>). [Law French “bar”] Hist. 1.See PLEA IN BAR. 2. A barrister. — Also spelled barre.[Blacks Law 8th]

Barons of the Exchequer.Hist. The six judges of the Court of Exchequer. • After the 1873 transfer of the Court’s jurisdiction to the High Court of Justice, the judges were known as justices of the High Court. — Also termed barones scaccarii. See COURT OF EXCHEQUER.[Blacks Law 8th]

Baron Parke’s rule.See GOLDEN RULE.[Blacks Law 8th]

baronial court.See COURT.[Blacks Law 8th]

baron et feme (bar-<<schwa>>n ay fem). [Law French] Hist. Husband and wife. See COVERTURE; FEME COVERT. [Blacks Law 8th]

baronet.Hist. A non-noble hereditary title that descends in the male line only. • Baronets originated in 1611 when James I began selling the title as a way to raise revenue.[Blacks Law 8th]

baron. 1.Hist. A man who held land directly from the Crown in exchange for military service. 2.Hist. A husband. See BARON ET FEME. 3. One of the judges of the former English or Scottish Courts of Exchequer. — Abbr. B. See BARONS OF THE EXCHEQUER . 4. A noble rank; specif., the lowest rank in…

  barometer stock.See STOCK.[Blacks Law 8th]

bargain theory of consideration.The theory that a promise or performance that is bargained for in exchange for a promise is consideration for the promise. • This theory underlies all bilateral contracts. See bilateral contract under CONTRACT. [Cases: Contracts  50. C.J.S. Contracts § 87.] “[C]lassical contract theory tended to associate the doctrine of consideration with the…

bargain sale.A sale of property for less than its fair market value. • For tax purposes, the difference between the sale price and the fair market value must be taken into account. And bargain sales between family members may lead to gift-tax consequences. — Also termed bargain purchase.[Blacks Law 8th]