Friday 9 August 2019

Important Legal maxims

1) Caveat Venditor Law and Legal Definition. Caveat Venditor is a Latin term which means let the seller beware. The person selling goods is accountable for providing information about the goods to the seller. It is a counter to caveat emptor and suggests that sellers can also be deceived in a market transaction.

2) Action de die in diem is a Latin term. It means ‘from day to day.’ In early days, the term was used to refer to an action occurring from day to day. It referred to a continuing right of action. For example, if a person wrongfully places something on another person’s land and leave it there, that act is not a single act of trespass. Instead, is a continuing action giving rise to fresh cause of action de die in diem.

3) Injuria non excusat injuriam means a wrong does not excuse a wrong. This means that a wrong does not justify another. ... If a person commits a wrong, the wrong which s/he suffered will not excuse or exculpate him/her from the consequences of his/her wrong doing.
4) In terrorem, Latin for "into/about fear", is a legal threat, usually one given in hope of compelling someone to act without resorting to a lawsuit or criminal prosecution.
5) Res integra means an entire thing; untouched matter; a point without a precedent; a case of novel impression. The term res integra is applied to those points of law which have not been decided, which are untouched by dictum or decision.
6) Stare decisis is Latin for “to stand by things decided.”  In short, it is the doctrine of precedent.
7) Definition of sine die without any future date being designated (as for resumption) INDEFINITELY

the meeting adjourned sine die.8) Owelty is an equalization charge. It is the amount that one co-owner must pay to another after a lawsuit to partition real estate, so that each co-owner receives equal value from the property. This is done to achieve equality after exchange of parcels of land having different values or after an unequal partition of real property.
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