Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

aestimatio

Read a random definition: mineral lease

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
cumsock
15:49
someone from my undergrad is going to columbia for a masters in social work and the way they are talking to me im pretty sure they think thats as hard to get accepted to as columbia law
every prof at cornell glazes it so hard
GreyCeaselessMammoth
15:50
i know so many heads going to various schools for random masters degrees and its like babe its not the sameeee
cumsock
15:50
"The acceptance rate for the Master of Science in Social Work (MSW) program at Columbia University is 74%" does he know?
15:50
@cumsock: some battles are won by avoiding fighting them
cumsock
15:51
im not i just wish normies knew its not the same
Trismegistus
15:51
i need chicago so badly
15:51
for suresies
lilypadfrog
15:52
llama do you think we’re besties? I kinda think we’re besties
JumpySubsequentDolphin
15:52
@GreyCeaselessMammoth: PLS I know a girl who got a master’s at Columbia for some random niche thing and she told EVERYBODY SHES GOING TO COLUMBIA LAW SCHOOL
GreyCeaselessMammoth
15:52
WHAT???
15:53
@JumpySubsequentDolphin: I can respect the hustle.
GreyCeaselessMammoth
15:53
penn r
GreyCeaselessMammoth
15:53
called it
15:53
i have two old classmates going to columbia for like social work
15:53
@lilypadfrog: that depends. flash ur mod badge to find out
soyalmondoatmilk
15:54
penn R too bruh
GreyCeaselessMammoth
15:55
luigi arc ended :(
15:56
you can be driven insane by chronic back pain anywhere :)
[M] lilypadfrog
15:57
@llama: if you insist
Trismegistus
15:57
STILL NOTHING?
Trismegistus
15:57
for me
RightPlant
15:57
anything from nyu?
Trismegistus
15:57
penn r people was it in portal under status or?
GreyCeaselessMammoth
15:58
i just got an email
15:58
guysss like my status :P
15:59
where is evol bunny
Trismegistus
15:59
wbu eggan where was yours email or status checker
15:59
thanks everyone i feel swagalicious now
15:59
email
LSD+ is ad-free, with DMs, discounts, case briefs & more.