Simple English definitions for legal terms
Read a random definition: transitory action
COMMENDAM
Commendam refers to a vacant benefice held by a clerk until a regular pastor could be appointed in the context of Ecclesiastical law. It was a lucrative source of income for bishops and other dignitaries. Commendams were abolished in England in 1836. In the context of partnership, it refers to a partnership in which one partner contributes capital and shares profits but cannot manage the business and is liable only for the amount of their contribution.
The first example illustrates the historical context of commendam in Ecclesiastical law. The second example illustrates the modern context of commendam in partnership law.