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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 The statutes that established this bond were repealed in 1863.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 These statutes were repealed in 1863.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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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