Permutation

In civil law. Exchange; barter. This contract is formed by the consent of the parties; but delivery is indispensable, for without it, it is a mere agreement. Dig. 31. 77. 4; Code, 4. 64. 3. Permutation differs from sale in this, that in the former a delivery of the articles sold must be made, while in the latter it is unnecessary. It agrees with the contract of sale, however, in the following particulars: That he to whom the delivery is made acquires the right or faculty of prescribing (Dig. 41. 3. 4. 17); that the contracting parties are bound to guaranty to each other the title of the things delivered (Code, 4. 64. 1); and that they are bound to take back the things delivered when they have latent defects which they have concealed (Dig. 21. 1. 63).

In Civil Law. Ex- injunction; an injunction which finally dischange; barter. poses of the suit, and is indefinite in point This contract is formed by the consent of time. See Injunction. of the parties; but delivery is indispens- PERPETUAL SUCCESSION. The conable, for without it it is a mere agreement. tinuous existence which enables a corpora- Dig. 31. 77. 4; Code 4. 64. 3. tion to manage its affairs and hold property this quality, this ideal and artificial person remains, in its legal entity and personality, the same, though frequent changes may be made of its members; and although all of its members may be changed, and new ones substituted for the old, it still legally remains the same. Field, Corp. § 50; Scanlan v. Crawshaw, 5 Mo. App. 340.

Scotch law. Barter. Exchange of one movable subject for another.