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Simple English definitions for legal terms

in re mercatoria

Read a random definition: patria potestas

A quick definition of in re mercatoria:

In re mercatoria: In Scots law, this Latin phrase means that documents related to a business transaction do not need to follow the usual formalities to be considered valid and binding. This is because these documents are often prepared quickly and by people who may not be familiar with the formalities of legal documents. They are given special privilege because they are necessary for immediate use in business transactions.

A more thorough explanation:

Term: In re mercatoria
Definition: In Scots law, this term refers to documents related to a business transaction that do not require the usual formalities to be legally binding. This is because they are often prepared quickly and by people who may not be familiar with the formalities of legal documents.
Example: A handwritten agreement between two merchants to buy and sell goods would be considered in re mercatoria. Even though it may not have been written on official legal paper or signed in front of a notary, it would still be legally binding because it was made in the course of a business transaction. This is because the law recognizes that in the fast-paced world of business, it is not always practical to follow all the usual formalities of legal documents.

in rebus litigiosis | in rem judgment

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Mr. Bad Fumbla
Bag
Dkk
16:01
Commits to kys when I commit to kms the same day. What a crazy november 5th.
[] baddestbunny
16:02
kms isn't even a t50 you should r&r
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
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