Simple English definitions for legal terms
Read a random definition: federal common law
Term: TRANSACT
Definition: Transact means to do business or negotiate until it is finished. It can also mean to settle a disagreement by agreeing to something together. For example, if you go to a store and buy something, you are transacting business. If two people have an argument and they agree to a solution, they have transacted the dispute. Sometimes people may refuse to transact with someone they don't like or trust.
Definition: To carry out or conduct business, negotiations, or transactions to a conclusion.
Examples:
The examples illustrate how the term "transact" is used to describe the act of carrying out or conducting business, negotiations, or transactions to a conclusion. In the first example, people met to transact business and sign a contract, which means they conducted negotiations and reached an agreement. In the second example, the company transacted a deal with their supplier, which means they carried out a transaction to purchase goods or services. In the third example, the person refused to transact with the enemy, which means they refused to conduct any business or negotiations with them.