Firman

Definition and stakes

Portrait of James Bruce James Bruce,  Travels to Discover the Source of the Nile (1790)

“ Aga. "Where are those letters and firman?" Ya. "Where they may be now I know not, we left them at Saffieha with all the rest of our baggage; our camels died, our provisions and water were exhausted, we therefore left every thing behind us, and made this one effort to save our lives. It is the first favour I am to ask of you, when I shall have rested myself two days, to allow me to get fresh camels, to go in search of my letters and baggage." Aga. "God forbid I should ever suffer you to do so mad an action. ”
Source: Wikisource

Horace Gray,  Albany Rensselaer Iron Steel v…

“ A person with whom, or in whose name, a contract is made for the benefit of another, is a trustee of an express trust, within the meaning of this section.'
Under this provision, the court of appeals of that state has held that an agent of a corporation, to whom, 'as executive agent of the company,' a promise is made to pay money, is 'a person with whom, or in whose name, a contract is made for the benefit of another,' and may therefore sue in his own name on the promise.
”
Source: Wikisource

Portrait of Anthony Kennedy Anthony Kennedy,  Business Guides Inc. v. Chromatic Communications Enterprises Inc…

“ The majority in the last analysis can rely only upon the following sentence from the rule: "The signature of an attorney or party constitutes a certificate by the signer . . . that to the best of the signer's knowledge, information, and belief formed after reasonable inquiry it is well grounded in fact. . . ." Fed.Rule Civ.Proc. 11 (emphasis added) . From this it reasons: Business Guides is a party; agents of Business Guides signed papers submitted on the company's behalf; therefore, Business Guides assumed a duty of reasonable inquiry. ”
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature