14:40
@Ineedabadbleep: okay we are stats twins kinda (if u count urm boost)
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LSDefine
Simple English definitions for legal terms
constitutum
Read a random definition: time out of memory
A quick definition of constitutum:
Constitutum: An agreement to pay back money that is owed on a specific day. This can be for your own debt or someone else's debt. It is different from a new agreement because the original debtor can still be sued. It is also when a day is set for the repayment of money that is owed.
A more thorough explanation:
Constitutum is a legal term from ancient Rome that means an agreement to pay a debt on a specific day. This agreement could be for one's own debt or someone else's debt. It is different from a stipulation because it must be for an existing debt.
- John owed $500 to his friend. He made a constitutum to pay the debt on the 15th of the month.
- Sarah had a loan from the bank and made a constitutum to pay it back on the 1st of the next month.
These examples show how constitutum is an agreement to pay a debt on a specific day. It is important to note that the creditor can still sue the original debtor even after a constitutum is made.