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Simple English definitions for legal terms

ultra vires inventarii

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A quick definition of ultra vires inventarii:

Term: ULTRA VIRES INVENTARII

Definition: Ultra vires inventarii is a legal term that means "beyond the value of the inventory." This term is used in the context of a deceased person's estate. If an executor of the estate is found to have paid out more money than the value of the assets listed in the inventory, they are not liable for the decedent's debts beyond that amount. In simpler terms, it means that the executor is only responsible for paying debts up to the value of the assets listed in the inventory.

A more thorough explanation:

Definition: Ultra vires inventarii is a Latin legal term that means "beyond the value of the inventory." It refers to a situation where an executor is not liable for the debts of a deceased person that exceed the value of their estate as listed in the inventory.

Example: If a person dies and their estate is valued at $100,000, but they owe $150,000 in debts, the executor is only responsible for paying off the debts up to the value of the estate, which is $100,000. The remaining $50,000 in debt is considered ultra vires inventarii and cannot be collected from the executor.

This legal concept is important because it protects executors from being held personally responsible for debts that exceed the value of the estate they are managing. It also ensures that creditors are only able to collect what is owed to them up to the value of the estate.

ultra vires compromissi | ultroneous witness

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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
I want to go running but my leg feels weird
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.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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