Category: Uncategorized

Bailment

Bailment is a legal relationship in common law, where the owner transfers physical possession of personal property (“chattel”) for a time, but retains ownership. The owner who surrenders custody to a property is called the “bailor” and the individual who accepts the property is called a “bailee”.[1] The bailee is the person who possesses the personal property in trust for the owner for a set time and for a precise reason and who delivers the property back to the owner when they have accomplished the purpose that was initially intended.[2]

Law of agency

The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party.[1] Succinctly, it may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under their control and on their behalf. The agent is, thus, required to negotiate on behalf of the principal or bring them and third parties into contractual relationship. This branch of law separates and regulates the relationships between:

  • agents and principals (internal relationship), known as the principal-agent relationship;
  • agents and the third parties with whom they deal on their principals’ behalf (external relationship); and
  • principals and the third parties when the agents deal.

Los Lunas Decalogue Stone

The Los Lunas Decalogue Stone is a large boulder on the side of Hidden Mountain, near Los Lunas, New Mexico, about 35 miles (56 km) south of Albuquerque, that bears a very spectacular inscription carved into a flat panel.[1] The stone is also known as the Los Lunas Mystery Stone or Commandment Rock. The stone is controversial in that some claim the inscription is Pre-Columbian, and therefore proof of early Semitic contact with the Americas.[2]

https://en.wikipedia.org/wiki/Los_Lunas_Decalogue_Stone