HABI

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  HABIT. A disposition or condition of the body or mind acquired by custom or 
  a frequent repetition of the same act. See 2 Mart. Lo. Rep. N. S. 622. 
       2. The habit of dealing has always an important bearing upon the 
  construction of commercial contracts. A ratification will be inferred from 
  the mere habit of dealing between the parties; as, if a broker has been 
  accustomed to settle losses on policies in a particular manner, without any 


  objection being made, or with the silent approbation of his principal, and 
  he should afterward settle other policies in the same manner, to which no 
  objection should be made within a reasonable time, a just presumption would 
  arise of an implied ratification; for if the principal did not agree to such 
  settlement he should have declared his dissent. 2 Bouv. Inst. 1313-14.