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Simple English definitions for legal terms
qui cedit foro
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A quick definition of qui cedit foro:
Term: QUI CEDIT FORO
Definition: Qui cedit foro is a Latin term that refers to someone who stops payment or becomes bankrupt.
A more thorough explanation:
QUI CEDIT FORO
Qui cedit foro (kwIsee-dit for-oh) is a Latin term that refers to a person who stops payment or becomes bankrupt.
Example 1: John was unable to pay his debts and had to file for bankruptcy. He is now considered qui cedit foro.
Example 2: The company's financial situation was so bad that it had to stop all payments to its creditors. The company is now known as qui cedit foro.
The term qui cedit foro is used to describe a person or company that is unable to pay their debts and becomes bankrupt. The examples illustrate how a person or company can become qui cedit foro due to financial difficulties.