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Simple English definitions for legal terms

addictio in diem

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A quick definition of addictio in diem:

Term: addictio in diem

Definition: Addictio in diem is a Latin term used in Roman law that means "assignment for a fixed period" or "postponement to a date." It refers to a clause in a contract of sale where the parties agree that the contract can be terminated if the seller receives a better offer within a specified period. This means that if someone offers more money for the item being sold, the seller can cancel the original contract and sell to the new buyer instead. This clause is also known as in diem addictio.

A more thorough explanation:

Addictio in diem

Addictio in diem is a clause in a contract of sale that allows the contract to be terminated if the seller receives a better offer within a specified period. This means that if someone offers to buy something for more money than the original buyer, the seller can cancel the original sale and sell to the new buyer instead.

  • John agrees to buy a car from Sarah for $10,000. They include an addictio in diem clause in the contract that allows Sarah to cancel the sale if she receives a better offer within the next 7 days. On the 5th day, someone offers Sarah $12,000 for the car. She cancels the sale with John and sells the car to the new buyer instead.
  • Emily signs a contract to buy a house from Tom for $500,000. The contract includes an addictio in diem clause that allows Tom to cancel the sale if he receives a better offer within the next 30 days. No one makes a better offer, so the sale goes through as planned.

These examples show how addictio in diem works in a contract of sale. It gives the seller the option to cancel the sale if they receive a better offer, which can be beneficial for them if they want to make more money. However, it can also be risky for the buyer, who may lose out on the item they wanted to purchase.

addictio | addiction

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you too haha, i was super surprised to have received one so early not gonna lie
i heard the group interview is really chill and I'm kinda excited to do it
seems cool
13:14
Yeah, 7sage has a page that talks about the questions for each schools interview, GULC's seems unique
13:15
Idk how much of an effect it has on admissions chances but should be cool either way
ive heard the conversion rate for gulc group interview is pretty high even moreso if you have the stats
it's hard to say but i've also heard that the group interview is harder to get than the alumni interview. but who really knows tbh
im p sure they don't interview everyone and getting one this early should be a great sign!
13:16
Yeah I've heard the same ab the group interview
13:17
So maybe I'll see you in D.C. a year from now lmao
initiallaw
13:32
Speaking of stat twins kazuyamishima were exact stat twins lol
17:13
Anyone going to the UGA zoom thing on the 22nd?
17:16
My bad, 24th*
Idk, what's it for?
@Law-Guy: How'd you get the Vandy fee waiver?
17:32
What does going ur3 in 3 days mean at Uva 😅
that you will get UR2 in 3 more
17:33
somethings gotta give
I’m new. What’s the UR and UR2?
17:35
I already went ur2. It’s the 3rd status date change
17:35
@RustyWrangler: attend one of their virtual info sessions and they'll send you a fee waiver
@Law-Guy: Awesome, thanks! I'll sign up rn!
i'm not entirely sure
They've recently been sending a lot of interview invites
It means status change?
17:47
Someone said there is a wl/r wave coming but how can that even be predicted 😭
17:48
Where?
Quillinit
17:50
This is obviously not true for UVA. Past years show they don't send any non A results until December
boglue
18:05
this is gonna sound so dumb but what do yall mean when you say date change
18:07
So the date under “application under review” changes with each reader.
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