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LSDefine

Simple English definitions for legal terms

cessio fori

Read a random definition: exercise of judgment

A quick definition of cessio fori:

Term: CESSIO FORI

Definition: Cessio fori is a Latin term that refers to the act of giving up business or becoming bankrupt.

Simply put, it means that someone who owns a business or has financial obligations cannot meet their obligations and must declare bankruptcy. This is a legal process that involves giving up control of their assets to a trustee who will manage the distribution of those assets to creditors.

Cessio fori is an important concept in business and finance, as it allows individuals and companies to start fresh and rebuild their financial lives after experiencing financial difficulties.

A more thorough explanation:

CESSIO FORI

Cessio fori is a Latin term that means giving up of business or becoming bankrupt.

Example 1: John had to file for cessio fori as he was unable to pay his debts.

Example 2: The company's cessio fori was a result of poor financial management.

Cessio fori is a legal term used to describe the act of giving up business or becoming bankrupt. The examples illustrate how individuals or companies may file for cessio fori when they are unable to pay their debts or manage their finances. This process allows them to legally give up their business and assets to pay off their debts and start anew.

cessio bonorum | cessio in jure

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[] baddestbunny
16:41
and my bday is in December too
letsseehowitgoesnow
16:41
any of them into recently single, mid height/looks, mexican skater dudes?
[] baddestbunny
16:41
dude I can ask
[] baddestbunny
16:41
it’s never come up
[] baddestbunny
16:41
I don’t think they have mid Mexican dudes in France
letsseehowitgoesnow
16:41
im shocked
letsseehowitgoesnow
16:42
i never stood a chance
letsseehowitgoesnow
16:43
is chicago better than NYC?
[] baddestbunny
16:44
I’ve only been there once and I’ve been to nyc hundreds of times so I can’t make a fair comparison lol
16:45
I need to break this dry spell
16:45
Gonna go swimming
KeenHeartbreakingRattlesnake
17:03
if I go ur2 and then I get another status update from lsac like a couple hours after the first and it shows that my substatus is now under review, is that ur3
17:58
What is ur2 / ur3
17:58
Under review
18:08
Bros trying to find guys on lsd its that bad bunny?
Will I ever go UR
Or complete!
18:23
What is UR
18:24
Why does GTown think they're worth an $85 application fee
get a waiver
U blowin my shit hoe u hawk tuahing me
19:00
@ChowieBean: thanks again for that podcast episode last night. I could answer those questions but I remember not being able to a year ago.
19:01
I got two rc sections for whoever asked
19:26
You're welcome Dkkm, how'd it go for you?
When people get faster turn around times on applications then I do I feel like that means I got sidelined or something
19:59
It went well. Everything seemed to have an obvious answer and every question seemed to have 4 obvious not the answers. I think it went well but I always fear I went too fast. I finished each section with about a minute to spare. I got an LR question that seemed like the virus logic game at the end of one of my LR sections.
OverconfidentSpookyFerret
20:40
what schools are truly splitters friendly schools? Seems like every school outside of t14 is splitter friendly to an extent.
20:57
Dk do you know what i mean by octopus?
20:57
Washington stlouis @overconfident
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