jus retractus

jus retractus (j[schwa]s ri-trak-t[schwa]s), n. [Latin “the right of retraction”] Civil law.

1. The right of certain relatives of one who has sold immovable property to repurchase it.

2. A debtor’s right, upon sale of the debt by the creditor, to have a third person redeem it within a year for the price paid by the purchaser.


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