Simple English definitions for legal terms
Read a random definition: restrictive indorsement
Jus retractus is a legal term that means the right of certain family members to buy back property that has been sold. It can also refer to a debtor's right to have someone else buy back their debt within a year of it being sold.
Jus retractus is a legal term that comes from the Latin language, meaning "the right of retraction." It is a concept in civil law that refers to two different situations:
For example, let's say John sells his house to Mary. If John's brother has the right of jus retractus, he can repurchase the house from Mary instead of John. Similarly, if John owes money to a bank and the bank sells his debt to a debt collector, John has the right of jus retractus to redeem the debt by paying the amount paid by the debt collector.