mutual

Common to both parties. Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received;-spoken of an engagement or relation in which like duties and obligations are exchanged; e.g., the marital relation.

As to mutual account

- mutual assent

- mutual combat

- mutual condition

- mutual contract

- mutual covenant

- mutual credits

- mutual debt

- mutual insurance

- insurance (mutual insurance)

- mutual mistake

- mutual promise; and mutual testament, see those titles.

See also mutuality

@ mutual affray

A fight in which both parties willingly enter and is similar to a duel. Taylor v. Commonwealth, 281 Ky. 442, 136 S.W.2d 544.

See affray

@ mutual agreement

A meeting of the minds on a specific subject, and a manifestation of intent of the parties to do or refrain from doing some specific act or acts.

See agreement

- contract

- treaty

@ mutual association

See savings and loan association

@ mutual benefit association

One based on reciprocal contracts and requires that a member receive benefits as a matter of right. In re Henderson's Estate, 17 Cal.2d 853, 112 P.2d 605, 609.

Commonly a fraternal or social organization which provides insurance for its members on an assessment basis

@ mutual benefit insurance

Type of insurance offered to members of a mutual benefit association commonly characterized by assessment of members to meet claims.

See mutual benefit association

@ mutual company

A corporation in which shares are held exclusively by members to whom profits are distributed as dividends in proportion to the business which the members did with the company (e.g. state-chartered mutual savings banks, federal savings and loan associations). One in which the members are both the insurers and the insured (mutual insurance companies). Pink v. Town Taxi Co., 138 Me. 44, 21 A.2d 656, 659

@ mutual demands

Those between the same parties and due in the same capacity or right. Thompson v. Prince, Tex.Civ.App., 126 S.W.2d 574, 576

@

- mutual fund

- mutual insurance company

- mutual mistake

- mutual relief association

- mutual rescission

- mutual reserve company

- mutual savings bank

- mutual wills