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Simple English definitions for legal terms

commissoria lex

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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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will trump make eggs cheap again
BulbasaurNoLikeCardio
18:10
I spent $600 on a custom AR10 upper in September and just got called and told they now may not ship it until fucking January. Trump needs to make my ship shit faster.
18:10
They making food more expensive so less fats
18:10
trust
babycat
18:11
RFK future
18:12
You need to perform Kennedy Presidential Fitness Test to graduate law school
18:12
Over/under on t14 students
18:12
70%?
18:12
20?
18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
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