15:40
So after missing the II, I was like whatever. Maybe it's a sign to withdraw
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Simple English definitions for legal terms
titulo universali
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A quick definition of titulo universali:
Term: Titulo Universali
Definition: Titulo Universali is a Latin term used in law to describe a situation where an heir inherits an ancestor's entire estate. This means that the heir becomes the owner of all the property, assets, and liabilities of the ancestor. It is also known as a universal title.
A more thorough explanation:
Titulo Universali
Titulo Universali is a legal term that means inheriting an ancestor's estate through a universal title. This means that the heir receives all of the assets and liabilities of the estate, rather than just specific items or amounts.
For example, if a person inherits their grandfather's estate through a universal title, they would receive everything that belonged to their grandfather, including property, money, and debts. This is different from inheriting specific items, such as a piece of jewelry or a sum of money.
Another example would be if a company acquired another company through a universal title. The acquiring company would take on all of the assets and liabilities of the acquired company, rather than just purchasing specific assets or shares.