Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

aestimatio

Read a random definition: propatruus

A quick definition of aestimatio:

Term: AESTIMATIO

Definition: Aestimatio is a legal agreement in ancient Rome where the owner of goods would give them to someone else to sell for the highest price possible. The seller would pay the owner an agreed price for the goods sold and return the rest.

A more thorough explanation:

aestimatio (es-tə-may-shee-oh) is a Latin term used in Roman law. It refers to an agreement between two parties where the owner of goods hands them over to another person with the understanding that the other person will sell the goods for the highest possible price. The owner of the goods will receive an agreed-upon price for whatever goods are sold, and the remaining goods will be returned to the owner. The plural form of aestimatio is aestimationes (es-tə-may-shee-oh-neez).

An example of aestimatio would be if a farmer gave their crops to a merchant to sell at the market. The merchant would then sell the crops for the highest possible price and return any unsold crops to the farmer. The farmer would receive an agreed-upon price for the crops that were sold.

Another example would be if a person gave their antique furniture to a consignment shop to sell. The consignment shop would sell the furniture for the highest possible price and return any unsold furniture to the owner. The owner would receive an agreed-upon price for the furniture that was sold.

These examples illustrate the concept of aestimatio because they show how one person entrusts their goods to another person to sell for the highest possible price. The owner of the goods receives an agreed-upon price for the goods that are sold, and the remaining goods are returned to the owner.

aesthetic zoning | aetas

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
Give it 4 more weeks at least. Everyone in this chat needs to wait longer.
TrumpSucks
19:58
@steelrift99: Same for me at Arizona
TrumpSucks
20:00
It is frustrating when people are admitted who applied after you. But that’s just part of the game I guess
LSD+ is ad-free, with DMs, discounts, case briefs & more.