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LSDefine

Simple English definitions for legal terms

cant

Read a random definition: FCPV

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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RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
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
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