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LSDefine

Simple English definitions for legal terms

emtio

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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

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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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