Simple English definitions for legal terms
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EMTIO: A Latin word that means "purchase" or "buying". In Roman and civil law, it refers to the act of buying something or making a purchase. It can also refer to a type of forced sale of an insolvent debtor's estate, where the purchaser takes over all the debtor's property, rights, and claims, and becomes responsible for their debts and liabilities. Another term related to emtio is emptio et venditio, which means "purchase and sale" and is a contract of sale where both the buyer and seller have duties and rights in the transaction.
Definition: Emtio is a Latin term that means "purchase" in Roman and civil law. It refers to the act of buying or a purchase.
For example, if you buy a car, you are making an emtio or purchase of that car.
Emtio can also refer to specific types of purchases, such as:
For example, if a farmer sells their future crop to a buyer, it would be an emptio rei speratae. If the buyer agrees to pay a fixed price for the crop, regardless of the actual yield, it would be an emptio spei.