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LSDefine

Simple English definitions for legal terms

cant

Read a random definition: negative averment

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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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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