Fair
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
nm.
In English law
<A greater species of market; a privileged market. If is an incorpureal hereditament, granted by royal patent, or established by prescription presupposing a grant from the crown. In the earlier English law, the franchise to hold a fair conferred certain important privileges; and fairs, as legally recognized institutions, possessed distinctive legal characteristics. Most of these privileges and characteristics, however, are now ebsolete. In America, fairs, in the ancient technical sense, are unknown, and, in the modern aud popular sense, they are entirely voluntary and non-legal, and transactions arising in or in connection with them aresubject to the ordinary rules governing sates, etc.