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LSDefine

Simple English definitions for legal terms

jus retractus

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A quick definition of jus retractus:

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.

A more thorough explanation:

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:

  1. When certain relatives of a person who has sold immovable property have the right to repurchase it.
  2. When a debtor has the right to redeem a debt that has been sold by the creditor to a third party within a year for the price paid by the purchaser.

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.

jus retinendi et insistendi | jus sanguinis

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Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
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.
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