Finesur concessit is a legal agreement in which the seller of the land does not recognize the buyer’s prior ownership, but instead grants them a new estate for a specific duration, typically for life or a predetermined number of years. This is accomplished through a supposed composition and is also referred to as a fine.
Finesur concessit is a legal term in Law French that describes a conveyance method where the cognizor grants the cognizee a fresh estate, typically for a specific duration or for life, without recognizing the cognizee’s prior right in the land. This is achieved through a supposed composition. For instance, if John wishes to sell his land to Jane, instead of acknowledging Jane’s existing right to the land, John can utilise finesur concessit to grant Jane a new estate in the land. Consequently, Jane obtains a new right to the land, but John does not acknowledge her previous right. In summary, finesur concessit allows for the granting of a new estate in land without acknowledging the recipient’s prior right, as demonstrated in the given example.
Fine Sur Concessit is a legal term that refers to a type of legal action where a person acknowledges a debt or obligation and agrees to pay a sum of money to settle the matter.
Fine Sur Concessit is typically used in situations where there is a dispute over a debt or obligation, and the parties involved agree to settle the matter by the debtor paying a specified amount of money.
Yes, Fine Sur Concessit is a legally binding agreement. Once both parties agree to the terms and the debtor pays the specified amount, the matter is considered settled.
Yes, Fine Sur Concessit can be used for various types of debts or obligations, including loans, contracts, or other financial obligations.
If the debtor fails to pay the agreed amount in Fine Sur Concessit, the creditor can take legal action to enforce the agreement and collect the outstanding debt.
Yes, Fine Sur Concessit can be used as evidence in court proceedings to prove that the debtor acknowledged the debt or obligation and agreed to pay a specific amount to settle it.
Yes, Fine Sur Concessit can be used as a means of settling disputes outside of court. It allows the parties involved to avoid lengthy and costly litigation.
Once Fine Sur Concessit is agreed upon and the debtor pays the specified amount, it cannot be modified or canceled unless both parties agree to do so.
Fine Sur Concessit may be used in bankruptcy cases, but its applicability and enforceability may vary depending on the specific circumstances and applicable bankruptcy laws.
It is always advisable to consult with a lawyer before entering into any legal agreement, including Fine Sur Concessit. A lawyer can provide guidance, review the terms, and ensure that your rights and interests are protected.
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: 16th April 2024.
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