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Simple English definitions for legal terms

cant

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A quick definition of cant:

Term: CANT

Definition: Cant is a way of dividing property that is owned by many people. The property is given to the person who offers the highest amount of money, but they must also buy out the other owners' shares. This is also called licitation.

A more thorough explanation:

CANT

Cant is a legal term used in civil law to describe a method of dividing property that is commonly held by awarding it to the highest-bidding owner. However, the successful bidder must buy out each co-owner's interest.

For example, if a group of siblings inherits a property from their parents, but they cannot agree on how to divide it, they may use the cant method. Each sibling would have the opportunity to bid on the property, and the highest bidder would be awarded the property. However, the successful bidder would have to buy out the interests of the other siblings.

Another example would be if a group of friends purchased a vacation home together, but one friend wanted to sell their share. The cant method could be used to determine the value of the friend's share and allow the other friends to bid on it. The highest bidder would then become the sole owner of that share.

The examples illustrate how the cant method can be used to divide property fairly among co-owners. It ensures that the highest bidder is awarded the property, but also requires them to compensate the other co-owners for their share. This method can be useful in situations where co-owners cannot agree on how to divide the property or when one co-owner wants to sell their share.

canon of inheritance | cantred

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lawguy we're nearly stats twins :D
13:13
I saw that, and I saw you got the Georgetown interview invite yesterday too! Goodluck!
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
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