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Defined in 1 dictionary — Bouvier (1914)

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

264. A group of facts so connected together as to be referred to by a single legal name; as, a crime, a contract, a wrong. Steph. Dig. Evid. art. 3. The term transaction is a broader one than contract; Roberts v. Donovan, 70 Cal. 113, 9 Pac. 180, 11 Pac. 599. Under the Elkins act the offense of accepting a concession in rates is the “transaction” that the given rebate consummates, and not the units of mere measurement of the physical thing transported; Standard Oil Co. v. U. S., 164 Fed. 376, 386, 90 C. C. A. 364. In Civil Law. An agreement between two or more persons, who, for the purpose of preventing or putting an end to a lawsuit, adana this contract must be reduced to writing. on three certain days per week; Com. v. La. Civ. Code, art. 3038. Townley, 7 Pa. Dist. R. 413. To transact, a man must have the capac- TRANSIRE. A warrant for the customity to dispose of the things included in the house to let goods pass; a permit. Equivatransaction. In the common law this is call- lent to a clearance. See, for a form of a ed a compromise. transire, Hargr. L. Tr. 104.