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LSDefine

Simple English definitions for legal terms

statuto mercatorio

Read a random definition: Dutch auction

A quick definition of statuto mercatorio:

Statuto Mercatorio: A legal term that refers to a writ used in the past to order the imprisonment of someone who failed to pay a debt secured by a statute-merchant bond. The person would remain in prison until the debt was paid.

A more thorough explanation:

Statuto Mercatorio

Statuto mercatorio is a legal term that refers to a writ ordering the imprisonment of someone who forfeits a statute-merchant bond until the debt has been paid.

If a person borrows money and signs a statute-merchant bond, they are legally bound to repay the debt. If they fail to do so, a statuto mercatorio can be issued, which allows the lender to have the borrower imprisoned until the debt is paid.

This legal term was commonly used in medieval times when merchants would lend money to each other and use statute-merchant bonds as a form of security. If the borrower failed to repay the debt, the lender could use a statuto mercatorio to ensure they received their money back.

Overall, statuto mercatorio was an important legal tool for enforcing debt repayment in medieval times.

statuti | statutory

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
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windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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