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Simple English definitions for legal terms

benefit of cession

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A quick definition of benefit of cession:

Benefit of Cession: A legal term that means a debtor cannot be put in jail for not paying their debts. This happens when the debtor's property is given to their creditors. In Roman times, this was called "cessio bonorum" and was like modern-day bankruptcy. The person who gave their property to their creditors was not responsible for old debts and could not be personally seized for them in the future.

A more thorough explanation:

Definition: Benefit of cession is a legal term that refers to a debtor's protection from being imprisoned for debt. This protection is granted when the debtor's property is assigned to their creditors. In Roman law, this assignment was known as cessio bonorum.

Example: If a person owes money to their creditors and is unable to pay, they may choose to make a benefit of cession. This means that they assign their property to their creditors, who can then sell it to recover the owed money. In return, the debtor is protected from being imprisoned for their debt.

Explanation: The example illustrates how benefit of cession works in practice. By assigning their property to their creditors, the debtor is able to avoid imprisonment for their debt. This protection is important because it ensures that debtors are not punished excessively for their inability to pay. Instead, they are given a chance to repay their debts through the sale of their property.

benefit-of-bargain rule | benefit of clergy

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2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
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
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