Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

emtio

Read a random definition: United States Attorney

A quick definition of emtio:

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.

A more thorough explanation:

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:

  • Emptio bonorum: A forced assignment for the benefit of creditors, where an insolvent debtor's estate is sold publicly, and the purchaser takes over all the debtor's property, rights, and claims, as well as their debts and liabilities.
  • Emptio et venditio: A contract of sale where both the buyer and seller have duties and rights in the transaction. In Roman law, agreement on the thing to be sold and its price were essential.
  • Emptio rei facta a pluribus ementibus: A purchase made by many buyers, which does not automatically create a partnership among the purchasers.
  • Emptio rei speratae: The purchase of a thing not yet in existence or not yet in the seller's possession, such as a future crop.
  • Emptio spei: An emptio rei speratae in which the price is fixed, regardless of actual gain.

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.

empty-chair doctrine | emtor

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
renard99
14:39
I also got Penn WL
14:40
@Ineedabadbleep: american does not update on lawhub
@cumsock: 3.6 UGPA and 164 LSAT
cumsock
14:40
wow congrats was that rd
@cumsock: i also had rlly good recs and good personal statement, also extensive resume
14:40
@Ineedabadbleep: okay we are stats twins kinda (if u count urm boost)
[] starfishies
14:40
they said ed earlier
Trismegistus
14:40
god i hope i evade this R or I will spiral aha
14:41
do u think we will get into emory bleep
ReminiscentZestyFish
14:41
Some of these Penn WL's got crazy stats
cumsock
14:41
maybe i shouldve ed'd somewhere fook
[] starfishies
14:41
does bc offer scholly in the A email?
jackfrost11770
14:41
Oh I got WL, I didn't see it in the status. Wild lmfao no one's getting off it I guess
lilypadfrog
14:42
wow huge penn wave. I think i applied too late to be in this
@jackfrost11770: penn waitlist?
14:42
lilypad when did u apply
14:42
i am dreading the penn r
@PuppyBot: oh ok makes sense
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
i applied nov. 15 lily
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
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
14:45
notHim is a born WINNER
14:47
ya i basically have penn r
LSD+ is ad-free, with DMs, discounts, case briefs & more.