Search Results for: CONSTITUTUM

constitutum possessorium

constitutum possessorium (kon-sti-t[y]oo-t[schwa]m pah-ses-sor-ee-[schwa]m). [Latin “possessory agreement”] Roman law. 1. A type of constructive delivery in which mediate possession is transferred while the immediate control or custody remains in the transferor. 2. The agreement by which this transfer is brought about. • In the context of a security interest, the pledged property may remain in […]

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constitutum

constitutum (kon-sti-t[y]oo-t[schwa]m), n. [Latin “agreed arrangement”] Roman law. 1. An agreement to pay an existing debt, either one’s own or another’s, on a fixed day. • A constitutum was not a novation; the creditor could still sue the original debtor. It differed from a stipulation because it had to be for an existing debt. If

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