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LSDefine

Simple English definitions for legal terms

commissoria lex

Read a random definition: taxpayers' lists

A quick definition of commissoria lex:

Commissoria lex, also known as lex commissoria, is a term used in Roman law that allows a seller to cancel a sale if the buyer does not pay the agreed price on time. It can also refer to a clause in a pledge agreement where the creditor can obtain ownership of the pledged property if the debtor fails to pay the debt on time. This clause must be explicitly stated in the agreement. The term was abolished by a law in the time of Constantine as it was considered unjust and oppressive. In English law, a similar development occurred much later, and it was carried further than in Roman law.

A more thorough explanation:

Definition: Commissoria lex, also known as lex commissoria, is a term used in Roman law that refers to a clause in a contract of sale or pledge agreement that allows the seller or creditor to cancel the contract or obtain absolute title of the pledged property if the buyer or debtor fails to pay the agreed price or debt within the specified time.

Examples:

  • A seller and buyer agree to a contract of sale for a piece of land. The contract includes a commissoria lex clause that states that if the buyer fails to pay the agreed price within 30 days, the seller has the right to cancel the contract and retain the land.
  • A debtor and creditor enter into a pledge agreement for a valuable painting. The agreement includes a commissoria lex clause that states that if the debtor fails to pay the debt within the specified time, the creditor obtains absolute title of the painting.

These examples illustrate how commissoria lex works in practice. In both cases, the parties agree to a clause that gives the seller or creditor the right to cancel the contract or obtain absolute title of the pledged property if the buyer or debtor fails to pay within the specified time. This clause provides a form of security for the seller or creditor and ensures that they are not left with an unpaid debt or property that they cannot sell or use.

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Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
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