|
|
![]() Helping San Diego, California and beyond since 1997.
|
|
Click here and add this page to your favorites!

|
Encyclopedia Britannica - Main :: RAY-RHU |
|
|
RETAINER (from " retain," Lat. retinere, to hold back, keep) , properly the act of retaining or keeping for oneself, or a person or object which retains or keeps; historically, a follower of a house
house
Retainer of Counsel.When it is considered desirable by a litigant that the services of any particular counsel (barrister) should be obtained for the conduct of his case, it is necessary to deposit with counsel a form of retainer together with the necessary fee in cash, from which time counsel is bound to give the party who has thus retained him the first call
special
joint lives of client and counsel. If any other person offers a special
drawn
of the Incorporated Law Society in 1902. They may be found in the Annual Practice. the administration Retainer of Debt.In connexion with of an estate under a will, it is the right of the personal representativewhether executor or administratorof a deceased person to retain legal assets which have come into his hands towards the payment of a debt due to himself as against creditors of an equal degree, and this even though his debt is barred by the Statutes of Limitation. The privilege arose in all probability from the inability of the representative to sue himself, though it has been suggested that it is merely a corollary to the right of the representative to prefer one creditor to another of equal degree.' The principle of retainer is not looked upon with favour by courts of equity
rule
equity
rule
administrator
The privilege is not lost by judgment for an account being given in a suit by other creditors for the administration of assets, and the representative may retain out of assets which come to his hand subsequent to such judgment. On the other hand, the appointment of a receiver deprives the representative of his right except as regards assets which come to his hands prior to the appointment of the receiver. End of Article: RETAINER (from " retain," Lat. retinere, to hold back, keep) If you wish, you can link directly to this article.
<a href="http://jcsm.org/StudyCenter/Encyclopedia/RAY_RHU/RETAINER_from_retain_Lat_retin.html"> RETAINER (from " retain," Lat. retinere, to hol... </a> |
|
|
(Previous) RETAIL |
(Next) RETALIATION |
|
Sponsored Advertisements