Expleta, also known as expletia or explecia, is a term used in historical Law Latin to refer to the rents and profits earned from an estate.
Expleta, also known as expletia or explecia, is a term used in historical law to describe the rents and profits obtained from an estate. John became the owner of a substantial estate after inheriting it from his grandfather. He was able to generate significant income from the rent paid by tenants and the profits derived from farming the land. These earnings are categorized as expleta. In the past, when the lord of the manor collected rent from his tenants, a portion of it would be retained as expleta. These examples illustrate how expleta pertains to the revenue generated from an estate, which was a crucial source of income for landowners and lords in earlier times.
Expleta is a legal term that refers to a situation where a contract has been fully performed or fulfilled by both parties.
Expleta is significant in contract law because it signifies the end of the contractual relationship between the parties. Once a contract is Expleta, neither party has any further obligations or rights under the contract.
Expleta is different from termination of a contract because termination occurs when one party ends the contract before it is fully performed, while Expleta occurs when both parties have fully performed their obligations under the contract.
No, a contract cannot be Expleta if one party has not fully performed their obligations. Both parties must have fully performed their obligations for a contract to be Expleta.
If one party claims Expleta but the other party disagrees, the matter may need to be resolved through litigation or alternative dispute resolution methods.
No, a contract cannot be Expleta if there are outstanding disputes between the parties. All disputes must be resolved before a contract can be considered Expleta.
Yes, Expleta is another term for discharge of a contract. Both terms refer to the end of the contractual relationship between the parties.
No, a contract cannot be revived after it is Expleta. Once a contract is Expleta, it is considered fully performed and cannot be revived.
After a contract is Expleta, neither party has any remaining obligations or rights under the contract.
Expleta is not a common occurrence in contract law because it requires both parties to fully perform their obligations under the contract, which is not always the case.
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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