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Simple English definitions for legal terms
jus accrescendi
Read a random definition: international conventions
A quick definition of jus accrescendi:
Term: JUS ACCRESCENDI
Definition: Jus accrescendi is a legal term that refers to the right of survivorship. This means that if two or more people own property together and one of them dies, their share of the property automatically goes to the surviving owner(s). It is often used in joint tenancy agreements and can help ensure that property ownership is passed on smoothly and efficiently.
A more thorough explanation:
Jus Accrescendi
Jus accrescendi is a legal term that refers to the right of survivorship. It means that when two or more people own property together and one of them dies, the surviving owner(s) automatically inherit the deceased owner's share of the property.
For example, if John and Jane own a house together and John dies, Jane automatically becomes the sole owner of the house because of jus accrescendi. Similarly, if a group of siblings inherit a piece of land from their parents and one of them dies, the surviving siblings will inherit the deceased sibling's share of the land.
Another example is when two business partners own a company together and one of them dies. The surviving partner will inherit the deceased partner's share of the company, thanks to jus accrescendi.
Jus accrescendi is a legal concept that ensures that property ownership remains intact even after one of the owners dies. It is commonly used in joint ownership situations, such as when spouses own property together or when business partners start a company together. The examples illustrate how jus accrescendi works in different scenarios and how it can affect property ownership.