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Simple English definitions for legal terms

statute merchant

Read a random definition: nonliteral infringement

A quick definition of statute merchant:

A statute merchant is an old law that helped people get their money back if someone owed them a debt. It was made in the 13th century and allowed creditors to take the debtor's lands, goods, and even their body if they didn't pay back the money they owed. This law was repealed in 1863, but it was an important step in helping people secure their debts and protect their businesses.

A more thorough explanation:

Definition: Statute Merchant is a historical law that was established in the 13th century to secure and recover debts. It provided for a commercial bond that, if not paid on time, resulted in swift execution on the lands, goods, and body of the debtor. The commercial bond established under this law is also known as a pocket judgment.

Example: Under the Statute Merchant, a creditor could demand the seizure and imprisonment of the debtor's body if they failed to pay their debt on time. This law was important for the growth of commerce as it provided a way for creditors to secure their debts and recover them quickly.

Explanation: The Statute Merchant was a significant development in English law as it allowed creditors to have more power in securing their debts. The law was repealed in 1863, but it played an important role in the history of commerce and debt recovery.

statute-making | statute mile

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triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
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