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Simple English definitions for legal terms

pignoratitia actio

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A quick definition of pignoratitia actio:

Term: PIGNORATITIA ACTIO

Definition: Pignoratitia actio is a legal action in ancient Roman law that involves a pledge. This action can be initiated either by the debtor (directa) or the creditor (contraria) and is based on the pledge. It is similar to cautio pigneratitia, which is a type of security deposit.

A more thorough explanation:

PIGNORATITIA ACTIO

Pignoratitia actio is a Latin term used in Roman law. It refers to an action that is based on a pledge. This pledge can be made by either the debtor or the creditor. There are two types of pignoratitia actio: an action directa and an action contraria.

Example 1: If a debtor pledges their car as collateral for a loan, the creditor can use pignoratitia actio to take possession of the car if the debtor fails to repay the loan.

Example 2: If a creditor holds a valuable item as collateral for a loan, the debtor can use pignoratitia actio to demand the return of the item once the loan has been repaid.

These examples illustrate how pignoratitia actio can be used in different situations where a pledge is involved. It provides a legal framework for both the debtor and creditor to protect their interests in the event of a default or repayment.

pignoratio | pignorative contract

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@KnowledgeableRitzyWasp: egomaniac screaming (about to have a stroke) about not giving up. hope it helps!
babycat
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I love when a Latina is redhead. Like damn bitch u really have it all
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let me check the chart, let me check the chart- that is not readable! off the chart, HOUSTON WE HAVE A PROBLEM!
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20:50
Do you guys know if the LSAdmit program is working on your end right now? It's not working on mine
20:53
Anyone here done the Cornell Kira? Was wondering if anyone had any tips 🙏
21:13
@KnowledgeableRitzyWasp: ^^ seeking corn-hell advice
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@babycat: unrelated but every time I saw ur old handle i thought of this lyric: https://youtu.be/V90loMCyxa0?t=34
What does "Hold" mean on the result column?
21:28
@ClockworkBlue: on LSD?
yeah
babycat
21:30
A hold is not exactly a waitlist, but it means they’re waiting to give you a decision later
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@ClockworkBlue: what babycat said, the link reads as the school always initiates the 'hold' status, however [in my case] sometimes applicants ask to be placed on 'hold' pending a score (LSAT, final semester of UG, etc).
21:32
@babycat: just had to get that off my chest.
cornell kira is just about performing well under pressure and having substantive content in your questions
so just try to stay calm and pace your responses so you give good answers during the interview
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so just don't sperg out on camera and ur good?
yeah pretty much, you get some leniency too. they expect you to not be perfect under pressure
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Hey guys it all works out, I’m in law school now with a phat scholly just so yall know there’s light at the end of the apps tunnel
Wrong I’m homeless
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bro what
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