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Simple English definitions for legal terms

de statuto mercatorio

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A quick definition of de statuto mercatorio:

Term: DE STATUTO MERCATORIO

Definition: De statuto mercatorio is a legal term that refers to a writ that orders the imprisonment of someone who fails to pay a statute-merchant bond. This bond was established in the 13th century to secure and recover debts in a timely manner. If the debtor did not pay the bond, swift execution could be carried out on their lands, goods, and body. The statutes that established this bond were repealed in 1863.

A more thorough explanation:

DE STATUTO MERCATORIO

De statuto mercatorio is a Latin term that means "of statute merchant." It refers to a writ that orders the imprisonment of someone who fails to pay a statute-merchant bond until the debt has been paid.

Statute merchant is a commercial bond that was established in the 13th century to secure and recover debts. If the debtor failed to pay the bond on time, swift execution could be carried out on their lands, goods, and body. These statutes were repealed in 1863.

For example, if John borrowed money from Jane and failed to pay it back on time, Jane could use a statute-merchant bond to demand the seizure and imprisonment of John's body until he paid the debt.

The invention of the statute merchant was a significant development in English law because it allowed creditors to have more power in securing their debts and encouraged commerce.

de statu defunctorum | de statuto stapulae

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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