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Simple English definitions for legal terms

consensus ad idem

Read a random definition: right of preemption

A quick definition of consensus ad idem:

Consensus ad idem: This is a Latin term that means when two or more people agree on the same thing. It's like when you and your friend both want to play the same game, you have a consensus ad idem. This is important when making contracts because everyone needs to agree on the same terms for the contract to be valid.

A more thorough explanation:

Consensus ad idem is a Latin term that means an agreement of parties to the same thing or a meeting of minds. It is also known as consensus in idem, consensus in idem, placitum et conventio.

For example, when two people agree to buy and sell a car for a certain price, they have reached a consensus ad idem. Both parties have the same understanding of the terms of the agreement, and they have agreed to the same thing.

Another example is when two companies agree to enter into a partnership. They must have a consensus ad idem on the terms of the partnership, such as the percentage of ownership, the responsibilities of each party, and the duration of the partnership.

Consensus ad idem is important in contract law because it is the basis of contractual obligation. If there is no consensus ad idem, there is no contract.

consensus | consent agenda

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

renard99

14:43

@jackfrost11770: It's traditionally tough to get off it but not impossible. Their waitlist isn't ranked so it's certainly within reach if you're interested enough

lilypadfrog

14:43

@ChowieBean: end of nov

SplitterusClitterus

14:43

i applied nov. 15 lily

SplitterusClitterus

14:43

or 12th

renard99

14:43

Also Jack ik you and I haven't talked in a bit but we have similar stats, backgrounds, WE. If you ever want solace in this messy process text me on Discord

ChowieBean

14:44

im still in the queue to be reviewed for penn so

lilypadfrog

14:44

@SplitterusClitterus: I applied like two weeks later. It was one of my last apps

jackfrost11770

14:44

I mean I think you're more likely to get WL than R at UPenn lmao, I'm taking it as an R whatever

ReminiscentZestyFish

14:45

Tru

GreyCeaselessMammoth

14:45

notHim at it again

llama

14:45

notHim is a born WINNER

Eggan

14:47

ya i basically have penn r

Trismegistus

14:48

how would you know

Eggan

14:48

uh wdym. i didnt get penn A or penn WL

jackfrost11770

14:48

Check substatus, it's not an update. I didn't even notice it at first

sadpadresfan

14:48

Substatus?

Eggan

14:48

i cant get into my penn rn so im just assuming

HowlEngineer

14:48

same @Eggan

cumsock

14:49

carole baskin sold all her land

sadpadresfan

14:49

If it says under committee review I’m still alive right

cumsock

14:49

for 20 million fuckin dollars

Trismegistus

14:49

that's what mine saying @sadpadresfan

cumsock

14:49

https://www.linkedin.com/posts/tradedmiami_miami-realestate-tradedmia-activity-7287591415927255041-BtDo?utm_source=share&utm_medium=member_desktop

Eggan

14:50

ya im on the plane so it wont let me log into lsac for some readon

Eggan

14:50

for another 2 hours

lilypadfrog

14:50

im out here in miamiiiii

renard99

14:50

Whoa someone got Penn WL but Harvard A earlier what the heck

Trismegistus

14:50

happens all the time

renard99

14:51

I stg every time I see you that Jorge Ben song starts playing in my head again

Trismegistus

14:51

LOL

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