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LSDefine

Simple English definitions for legal terms

lex commissoria

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A quick definition of lex commissoria:

Lex commissoria is a Latin term that means "forfeiture clause" or "cancellation clause." It was used in Roman law in two ways: first, in a contract of sale, it allowed the seller to cancel the sale if the buyer did not pay the agreed price on time. Second, in a pledge agreement, it allowed the creditor to become the absolute owner of the pledged property if the debtor failed to pay the debt on time. This clause had to be expressly inserted in the contract and was abolished by a law of Constantine as unjust and oppressive.

A more thorough explanation:

Definition: Lex commissoria is a Latin term that means "forfeiture clause" or "cancellation clause." It was used in Roman law to refer to a clause in a contract of sale or pledge agreement that allowed the seller or creditor to cancel the contract if the buyer or debtor failed to pay the agreed price or debt on time.

Examples:

  • A seller of a piece of land could include a lex commissoria clause in the contract of sale, which would give them the right to cancel the contract if the buyer did not pay the agreed price within the specified time.
  • A creditor could include a lex commissoria clause in a pledge agreement, which would give them the right to take possession of the pledged property if the debtor failed to pay the debt on time.

These examples illustrate how lex commissoria was used in Roman law to protect the interests of sellers and creditors by giving them the right to cancel a contract or take possession of property if the buyer or debtor failed to fulfill their obligations.

lex commercii | lex communis

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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