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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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HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
Give it 4 more weeks at least. Everyone in this chat needs to wait longer.
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