13:03
for RC, don't continue reading until you're sure you understood what you just read. spend mor time on the passge than the questions
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LSDefine
Simple English definitions for legal terms
plene computavit
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A quick definition of plene computavit:
PLENE COMPUTAVIT: This is a fancy Latin term that means "he has fully accounted". It was used in old legal cases when someone was accused of not giving a full report of their financial transactions. Basically, it means that the person being accused has given a complete and accurate report of their money dealings.
A more thorough explanation:
Definition: Plene computavit (plee-nee kom-pyoo-tay-vit) is a Latin term used in law to mean "he has fully accounted." It is often used as a plea in an action of account render, where the defendant is accused of not fully accounting for their financial transactions.
Examples:
- A personal representative prepares a report of all items of property, income, and expenses and gives it to the probate court. This report is known as an accounting.
- A plaintiff sues a defendant to compel them to account for and pay over money owed to the plaintiff but held by the defendant.
- Partners in a business use plene computavit to settle all partnership affairs in connection with partner misconduct or with a winding up.
These examples illustrate how plene computavit is used in different legal contexts to refer to the process of accounting for financial transactions and settling financial disputes.