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Simple English definitions for legal terms

addictio in diem

Read a random definition: delivery

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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