PRIZE

tween lessor and lessee, tenant for life and remainder-man or reversioner, etc., and their respective assignees, and between joint ten- ants and coparceners. Privity of estate is required for a release by enlargement. Sweet. Privity of blood exists between an heir and his ancestor, (privity in blood inheritable,) and between coparceners. This privity was formerly of importance in the law of descent cast. Co. Litt. 271a, 242a; 2 Inst. 516; & Coke, 426.

and therefore liable to appropriation and con- demnation under the laws of war. See 1 C. Rob. Adm. 228. Captured property regularly condemned by the sentence of a competent prize court. 1 Kent, Comm. 102. In contracts. Anything offered as a re- ward of contest; a reward offered to the per- son who, among several persons or among the public at large, shall first (or best) per- form a certain undertaking or accomplish certain conditions.

tor, the assignee with the assignor, the donee with the donor, and the lessee with the lessor. Union Nat. Bank v. International Bank, 123 Ill. 510, 14 N. E. 859; Hunt v. Haven, 52 N. H. 169; Mygatt v. Coe, 124 N. Y. 212, 26 N. E. 611, 11 L. R. A. 646; Strayer v. Johnson, 110 Pa. 21, 1 Atl. 222; Litchfield v. Crane, 123 U. S. 549, 8 Sup. Ct. 210, 31 L. Ed. 199. Privity of contract is that connection or relationship which exists between two or more contracting parties. It is essential to * the maintenance of an action on any contract that there should subsist a privity between the plaintiff and defendant in respect of the matter sued on. Brown. Privity of estate is that which exists between lessor and lessee, tenant for life and remainder-man or reversioner, etc., and their respective assignees, and between joint tenants and coparceners. Privity of estate is reyuired for a release by enlargement. Sweet. Privity of Dlood.exists between an heir and his ancestor, (privity in blood inheritable,) and between coparceners. This privity was formerly of importance in the law of descent cast. Co. Litt. 27la, 242a; 2 Inst. 516; 8 Coke, 420d. In admiralty law. A vessel or cargo, belonging to one of two belligerent powers, apprehended or forcibly captured at sea by a war-vessel:or privateer of the other belligerent, and claimed as enemy’s property, and therefore liable to appropriation and condemnation under the laws of war. See 1 C. Rob. Adm. 228. Captured property regularly condemned by the sentence of a competent prize court. 1 Kent, Comm. 102. In contracts. Anything offered as a reward of contest; a reward offered to the person who, among several persons or among the public at large, shall first (or best) perform a certain undertaking or accomplish cer- : tain conditions. —Prize courts. Courts having jurisdiction to adjudicate upon captures made at “ena in time of war, and to condemn the capture¢ property as prize if lawfully subject to that sentence. Ino England, the admiralty courts have jurisdiction as prize courts, distinct from the jurisdiction on the instance side. In America, the federal district courts have jurisdiction in cases of prize. 1 Kent, Comm. 101-103, See Penhallow v. Doane, 3 Dall. 91, 1 L: Ed. 507; Maley v. Shattuck, 3 Cranch, 488, 2 L. Ed. 498; Cushing v. Laird. 107 U. S. 69, 2 wars Ct. 196, 27 . 391.—Prize goods. oods which are taken on the high seas, jure belli, out of the hands of the enemy. The Adeline, 9 Cranch, 244, 284, 3 L. Ed. 719. —Prize law.. The system of laws and rules applicable to the capture of prize at sea; its condemnation, rights of the captors, distribution of the proceeds, etc. The Buena Ventura (D..C.) 87 Fed. 929.—Prize money. A dividend from the proceeds of a captured vessel, ete., paid to the captors. U.S. v. Steever, 113 U.S. 747, 5 Sup. Ct, 765, 28 L. Ed. 1133.

That which is taken from another; something captured; a thing seized by force, stratagem, or superior power. I will depart my pris, or may prey, by deliberation. Chaucer. His own prize, Whom formerly he had in battle won. Spenser. Hence, specifically; An honor or reward striven for in a competitive contest; anything offered to be competed for, or as an inducement to, or reward of, effort. I'll never wrestle for prize more. Shak. I fought and conquered, yet have lost the prize. Dryden. That which may be won by chance, as in a lottery. Anything worth striving for; a valuable possession held or in prospect. I press toward the mark for the prize of the high calling of God in Christ Jesus. Phil. iii. 14. A contest for a reward; competition. [Obs.] Shak. A lever; a pry; also, the hold of a lever. [Written also prise.] Prize court, a court having jurisdiction of all captures made in war on the high seas. Bouvier. -- Prize fight, an exhibition contest, esp. one of pugilists, for a stake or wager. -- Prize fighter, one who fights publicly for a reward; -- applied esp. to a professional boxer or pugilist. Pope. -- Prize fighting, fighting, especially boxing, in public for a reward or wager. -- Prize master, an officer put in charge or command of a captured vessel. -- Prize medal, a medal given as a prize. -- Prize money, a dividend from the proceeds of a captured vessel, etc., paid to the captors. -- Prize ring, the ring or inclosure for a prize fight; the system and practice of prize fighting. -- To make prize of, to capture. Hawthorne.

To move with a lever; to force up or open; to pry. [Written also prise.]

To set or estimate the value of; to appraise; to price; to rate. A goodly price that I was prized at. Zech. xi. 13. I prize it [life] not a straw, but for mine honor. Shak. To value highly; to estimate to be of great worth; to esteem. "[I] do love, prize, honor you. " Shak. I prized your person, but your crown disdain. Dryden.

Having won a prize; award-winning. | First-rate; exceptional.

Obsolete form of price.

That which is taken from another; something captured; a thing seized by force, stratagem, or superior power. | Anything captured by a belligerent using the rights of war; especially, property captured at sea in virtue of the rights of war, as a vessel. | An honour or reward striven for in a competitive contest; anything offered to be competed for, or as an inducement to, or reward of, effort. | That which may be won by chance, as in a lottery. | Anything worth striving for; a valuable possession held or in prospect. | A contest for a reward; competition. | A lever; a pry; also, the hold of a lever.