Define: Assisa Venalium

Assisa Venalium
Assisa Venalium
Quick Summary of Assisa Venalium

Assisa venalium, a term from legal history, pertains to a law governing the sale of goods. This law, also known as an assize or legal decree, established guidelines for the quality and pricing of commodities in markets. Its primary purpose was to safeguard consumers from fraud or excessive charges while purchasing goods.

Full Definition Of Assisa Venalium

The term “assisa venalium” in Latin refers to the assize of salable commodities, which was a law in medieval England that regulated the prices of goods and services. This law set the prices of essential items such as bread, ale, and other goods in towns and cities. Merchants who charged more than the regulated price could face fines or punishment. King Henry III issued the assisa venalium of 1266, which regulated the prices of various goods including wheat, barley, oats, and wool. These examples demonstrate how the assisa venalium was used to control prices and ensure affordability of essential goods for all. This law played a crucial role in maintaining social order and preventing unrest among the population.

Assisa Venalium FAQ'S

Assisa Venalium is a legal term that refers to the assessment or valuation of property for the purpose of taxation or sale.

Assisa Venalium specifically pertains to the valuation of property for sale or taxation, while Assisa Comunis refers to the general assessment of property for various purposes.

Assisa Venalium is typically conducted by government authorities or specially appointed assessors who have the expertise to determine the fair market value of the property.

During Assisa Venalium, various factors are taken into account, including the location, size, condition, amenities, and recent sales of comparable properties in the area.

Yes, property owners have the right to challenge the Assisa Venalium assessment if they believe it is inaccurate or unfair. They can provide evidence such as recent sales data or property appraisals to support their claim.

The frequency of Assisa Venalium assessments varies depending on local regulations and practices. In some jurisdictions, it may occur annually, while in others, it may be conducted every few years.

Yes, the Assisa Venalium assessment is often used as a basis for calculating property taxes. If your property’s assessed value increases, your property taxes may also increase.

Yes, the Assisa Venalium assessment is not a binding price for selling your property. You can list and sell your property at a price that you deem appropriate, considering market conditions and other factors.

In some jurisdictions, property owners have the option to hire their own assessor to conduct an independent assessment. However, it is important to check local regulations and procedures to ensure compliance.

Refusing to cooperate with Assisa Venalium assessments can have legal consequences, such as penalties or fines. It is generally advisable to comply with the assessment process and address any concerns through proper channels, such as filing an appeal.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 17th April 2024.

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