Part Owners

Those who own a thing together or in common. In Maritime Law. A term applied to two or more person who own a vessel together, and not as partners. In general, when a majority of the part owners are desirous of employing such a ship upon a particular voyage or adventure, they have a right to do so upon giving security in the admiralty by stipulation to the minority, if required, to bring her back and restore the ship, or, in case of her loss, to pay them the value of their respective shares.

4 Bouv. Inst, note 3780; Abb. Shipp. 70; 3 Kent, Comm. (4th Ed.) 151; Story, Partn. § 489; 11 Pet. (U. S.) 175.

When the majority do not choose to employ the ship, the minority have the same right, upon giving similar security.

11 Pet. (U. S.),175; 1 Hagg. Adm. 306; Jacobsen, Sea Laws, 442.

PARTE NON C01V1PARENTE (Lat.) The party not having appeared. The condition of a cause called "default." PARTE QUACUMQUE INTEGRANTS sublata, tollitur totum. An integral part being taken away, the whole is taken away.

8 Coke, 41.

PARTEi Vl ALIQUAIM RECTE INTELLIgere nemo potest, antequam totum, iterum atque iterum, perlegerit. No one can right- PARTES FINIS NIL HABUERUNT (Lat. the parties to the fine had nothing, i. e., nothing which they could convey). In old English pleading. The plea to a fine levied by a stranger, and which only bound parties and privates.

2 Bl. Comm. 356*; Hob. 334; 1 P. Wms. 520; 1 Wooddeson, Lect. 315.