Term
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Definition
| A history of the title to property as revealed by public records. |
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Term
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Definition
| Clause used in an installment note and mortgage which gives the leader the right to demand payment in full upon the happening of a certain event, such as failure to pay installment by a certain date, change of ownership without the leader's consent, destruction of the property, or other event which endangers the security of the loan. |
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Term
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Definition
| Made to provide security for performance of an obligation. Ex: suretyship, mortgage, pledge, and other types of security agreements. La C.C. art 1913. |
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Term
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Definition
| Acquiring title to additions or improvements to property as a result of natural growth, labor, the annexation of fixtures or the accretion of alluvial deposits along the banks of streams. La C.C. art 483, et seq. |
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Term
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Definition
| Any act or instrument in writing signed by the parties in the presence of two witness and then taken by the party(ies )or witness(es) before the notary and two witnesses; the original act was signed out of the presence of the notary. |
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Term
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Definition
| A formal declaration by a party before a notary public in the presence of two witnesses by the person who signs am instrument to the effect that it is his own free and voluntary act done for the purposes therein expressed. |
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Term
| Acknowledgment of paternity |
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Definition
| A formal written declaration whereby a person establishes himself as the natural father of a child. |
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Term
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Definition
| A civilian concept referring to the matrimonial regime of community property; acquets means all thing acquired, gains is the increase in the value of property through the skill or labor of a person, particularly a spouse. See C.C art. 2338. |
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Term
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Definition
| A mode of acquiring ownership of other real rights by uninterrupted possession for a period of time |
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Term
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Definition
| A release, usually in writing, from an obligation. |
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Term
| Act under private signature |
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Definition
| Any act or instrument, in writing, signed by a person or persons not in the presence of a notary that may or may not be witnessed |
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Term
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Definition
| A person appointed by the court as the succession representative to manage the assets and liabilities of an intestate decedent. |
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Term
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Definition
| One who makes an affidavit |
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Term
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Definition
| A juridical act such as a sale, exchange, or donation, sufficient to transfer ownership. |
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Term
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Definition
| A declaration of statement of facts personally known to the affiant reduced in writing and sworn to by the affiant before the notary. |
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Term
| Affidavit of distinction (identification) |
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Definition
| An affidavit executed before a notary by a person providing identifying information to distinguish said person from a judgement debtor with a same or similar name and then recorded in the mortgage records of the parish where the judgement is recorded. (Affidavit of one and the same) |
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Term
| Agent /mandatary/attorney in fact |
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Definition
| One who is authorized to act for or represent another (principal), usually in business matters, whose authority may be expess or implided; a representiative. |
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Term
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Definition
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Term
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Definition
| Binding contract to buy and sell in future. |
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Term
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Definition
| An agreement in which the effects thereof depend on an uncertain event. La. C.C. art. 2982 |
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Term
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Definition
| An increase to lthe land caused by the buildup of deposits from running water. |
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Term
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Definition
| A pledge of property "when the security given consists in immovables." A written contract by which the debtor pledges the revenues of an immovable to the creditor as security for a debt. La. C.C. art. 3135, 3179. The creditor acquires by the contract of antichresis "the right of reaping the fruits or other revenues of the immovable to him given in plege, on condition of deducting annually their proceeds from the intrest, if any be due him, and afterwards from the principal of his debt." La. C.C. art. 3176. |
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Term
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Definition
| Clause giving full status of a natural or juridical person (e.g., corporation of partnership) in any legal instrument. |
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Term
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Definition
| A person who goes before an official authorized to administer oaths, take acknowledgments, or make authentic acts, and who makes a declaration, executes or acknowleges an instrument of writing. |
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Term
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Definition
| The process of valuing property; a valuation of property by two or more appraisers who are appointed and authorized by a court to place a value on designated property as a part of a court proceeding. |
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Term
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Definition
| A right, privilege, or propery that is considered incident to the principal property for purposes such as passage of title, conveyance, or inheritance; a thing that is neccessarily connected with the use and enjoyment of another thing. State farm fire & cas. co v Pfiffer, 399 So.2d 1250 (La.App. 1st Cir. 1981). |
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Term
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Definition
| One who precedes in lineage (parent, grandparent); an ancestor. |
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Term
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Definition
| The transfer of a claim, right, intreest, or propery from one to another; the instrument by which this transfer is effected. |
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Term
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Definition
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Term
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Definition
| A writing executed before a notary public or other officer authorized to perform that function, in the presence of two witnesses, and signed by each party who executed it, by each witness, and by each notary public before whom it was executed. |
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Term
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Definition
| East-West reference line. |
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Term
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Definition
| A disposition of propery made by a testator. |
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Term
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Definition
| Instrument translative of title of movable property. |
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Term
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Definition
| A guarantee of indemnity by any person, usually an insurance company, or giving secutiry for another. |
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Term
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Definition
| A surety bond provided by an individual, personally, on behalf of a notary. The bond must be recorded in the mortgage records in the parish in which the notary is seeking or holds a commission. A notary who is bonded with a personal surety only needs to provide a new bond if the surety dies, if the surety is no longer solvent of $10,000, or if the surety withdraws his suretyship. |
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Term
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Definition
| A contract regarding immovable property whereby the vendor agrees to transfer title to the propery when the purchase price is paid in full; the vendee is usually given possession during the existence of the contract. |
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Term
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Definition
| The line of separation between contiguous lands. |
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Term
| Cancellation of a mortgage |
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Definition
| A process whereby the clerk of court adjusts the public records to reflect that the mortgage has been extinguished. Collateral mortgages are cancelled by the presentment of the paid collateral mortgage note. Multiple Obligations Mortgages are cancelled via a letter directing such from the creditor/mortgage holder. |
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Term
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Definition
| A legal qualification, including age and other factors. Parties, unless emancipated, must be 18 years of age to contract. Witnesses to most instruments must be 14. Witnesses for wills must be 16. |
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Term
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Definition
| Common-law term for an act of sale of immovable property in which the buyer pays and the seller acknowledges receipt of the purchase price. |
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Term
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Definition
| In general, used to designate movable property, as in the case of a "chattel mortgage," which is a mortgage of movable property. |
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Term
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Definition
| A collection of laws; Louisiana has many codes: Civil, Criminal, Civil Procedure, Criminal Procedure, Evidence |
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Term
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Definition
| Common-law term. An amendment, modification, supplement or addition to a will that must be in the form of a testament. La. C.C.art. 1610 |
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Term
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Definition
| Property in which a security interest is granted. |
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Term
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Definition
| A mortgage designed, not to directly secure an existing debt, but to secure a mortgage note pledged as collateral security for a debt. The maker may reissue the mortgage note from time to time, and have it returned to him without extinguishing the mortgage. It is both a mortgage and a pledge. Thrift Fund Canal v. Foy, 261 La. 573, 260 So.2d 628(1972). A collateral mortgage or collateral chattel mortgage may provide on its face that the mortgage is granted in favor of a designed mortgage and any future holder or holders of the collateral mortgage note. |
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Term
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Definition
| Any relation not directly in the line of ascent or descent. |
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Term
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Definition
| The supposed or real return to the mass of succession property given to forced heirs by donations inter vivos in order to divide the property with the other effects of the succession. |
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Term
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Definition
| Things that may not be owned by anyone (air, the high seas). |
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Term
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Definition
| A matrimonial regime whereby property acquired or produced through the labor of either spouse is owned in common by husband and wife. |
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Term
| Component parts of tracts of land |
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Definition
| Buildings, other constructions permanently attached to the ground, standing timber, and unharvested crops or ungathered fruits of trees are component parts of a tract of land when they belong to the owner of the ground. |
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Term
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Definition
| An obligation that is dependent upon the occurrence of an uncertain event. |
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Term
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Definition
| A person's agreement in a mortgage to the entry of judgement if he defaults on the obligation secured by the mortgage. |
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Term
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Definition
| When the qualities of obligee and obligor are united in the same person, the obligation is extinguished by confusion. La. C.C.art. 1903. Example: a predial servient estates are acquired in their entirety by the same person. La. C.C. art. 765. |
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Term
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Definition
| A common law term which refers to something promised, given, or done (such as money) that has the effect of making an agreement a legally enforceable contract. In Lousiana contracts are supported by "cause"; consideration is frequently the cause that will support an obligation. |
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Term
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Definition
| The record of all sales and donations of immovable property kept by the clerk of court of each parish. |
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Term
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Definition
| A business entity with separate legal personality from its shareholders, directors, and officers formed by filing articles of incorporation with the Secretary of State. |
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Term
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Definition
| Separate writing expressing the true intent of the parties rather than the intent purported to be manifested in another instrument; not binding on third parties unless recorded. La. C.C. art. 2025. |
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Term
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Definition
| Common-law term. An act of sale of immovable property on credit terms. |
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Term
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Definition
| When the vendee purhcases immovable property on which there is an existing mortgage, and the vendee does not assume the indebtedness secured by the mortgage or agree to pay the indebtedness of his vendor. Simply started, cum onere means "with burden." |
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Term
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Definition
| A court-appointed guardian who manages the affairs of another incapable of doing so himself. |
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Term
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Definition
| A act in which a debtor transfers ownership of a thing to his creditor in payment of a debt; "giving in payment." |
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Term
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Definition
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Term
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Definition
| French, "of law." An official who holds his office by law and who is possessed of all lawfully necessary qualifications for office. |
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Term
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Definition
| All offspring of a person in a direct line, i.e., children, grandchildren, etc. |
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Term
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Definition
| The non-acceptance of an instrument, such as a check or promissary note. |
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Term
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Definition
| A means of depriving a forced heir of his inheritance due to some act upon his part which the law deems sufficient cause. |
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Term
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Definition
| The portion of a testator's property which he can will to anyone he chooses. |
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Term
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Definition
| With respect to a natural person, the place of his habitual residence. |
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Term
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Definition
| A contract by which a person, called the donor, gratuitously divests himself, at present and irrevocably, of the thing given in favor of another, called the donee, who accepts it. |
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Term
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Definition
| An act to take effect at the death of the donor by which he disposes of the whole or part of his property. A donation mortis causa is revocable during the lifetime of the donor. |
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Term
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Definition
| One who receives a donation or gift. |
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Term
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Definition
| One who gives or donates. |
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Term
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Definition
| The party on which an order for the payment of money is drawn, usually a bank. |
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Term
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Definition
| One that draws, especially one that draws an order for the payment of money. |
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Term
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Definition
| Earnest money permits either party to recede from a contract to sell, but the buyer who chooses to recede from the contract forfeits the earnest money and the seller who chooses to recede frome the contract must return double the earnest money. La. C.C. art. 2624 |
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Term
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Definition
| In common law, a right of way afforded a person to make limited use of another's real property; in Louisiana, a servitude. |
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Term
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Definition
| The act of conferring some or all of the effects of majority on a minor. |
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Term
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Definition
| An estate that has no access to a public road. |
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Term
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Definition
| To burden with a claim such as a mortgage, privilege or lien; a burden or charge imposed upon property by law or conventional obligation or contract, such as a privilege or mortgate. |
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Term
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Definition
| Property, usually money, in the custody of a third party for delivery to another only after the fulfillment of the conditions specified. |
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Term
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Definition
| The property, rights, and obligations that a person leaves after his death, and includes also all that has accrued thereto since death. |
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Term
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Definition
| Latin: "And that which follows"; Subsequent text. |
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Term
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Definition
| A contract by which parties to the contract transfer property (which is not money) to one another. |
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Term
| Executor/administrator/executrix |
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Definition
| A succession representative designated in a will to administer an estate. |
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Term
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Definition
| A proceeding in court in which the holder of a mortgage containing a confession of judgment may obtain an ex parte seizure and sale of the mortgaged property without the ordinary delays required by law. |
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Term
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Definition
| Clearly and distinctly stated in precise terms. |
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Term
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Definition
| The price of the object (movable or immovable property) agreed upon by the willing seller and the willing buyer. |
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Term
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Definition
Common-law term referring to ownership of immovable property without any conditions upon the power and authority to alienate, encumber or transfer by inheritance; analogous to "full ownership," where the elements of ownership (right to use, the right to enjoy the fruits and the right to alienate) are in common in one person. La. C.C. art. 477. |
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Term
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Definition
| A person entrusted with the property of another party and in whose best interests the fiduciary is expected to act when holding, investing, or otherwise using that person's property. |
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Term
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Definition
| The condition or fact of being the child of a particular parent. |
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Term
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Definition
| Descendants of the first degree (children) who at the time of the death of the decedent are 23 or under, or of any age who because of mental incapacity or physical infirmity is permanently incapable of taking care of his person or to administer his estate at the parent's death. |
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Term
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Definition
| An event that at the time the contract was made could not have been reasonably foreseen. |
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Term
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Definition
| the portion of a decedent's estate that the law reserves to him by right, called the legitime, unless the decedent has just cause to disinherit him. |
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Term
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Definition
| Things produced by or derived from antoher thing without diminution of its substance, such as products of the earth in the case of natural fruits and rents or interest in the case of civil fruits. |
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Term
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Definition
| In general, a party is in good faith if he has no knowledge of or has no reasonable basis for questioning the validity of a transaction. Concerning the acquisition of property, the acquirer is in good faith unless he knows or should have known that the transferor was not the owner. La. C.C. art. 523. |
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Term
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Definition
| In the common law, one who is legally responsible for the care and management of the person or property of an incompetent or a minor; In Louisiana, a curator or tutor. |
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Term
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Definition
| A personal servitude granted to a natural personal to dwell in the house of another. |
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Term
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Definition
| Transferable; capable of transferring by voluntary action or by succession; not strictly personal. |
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Term
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Definition
| An exemption from liability that prevents creditors from obtaining satisfaction from immovable property which the debtor resides in as his primary domicile. |
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Term
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Definition
| To pledge as collateral for a debt without transferring possessions. |
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Term
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Definition
| Those who are conceived and born outside of marriage. |
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Term
| Immobilization (and de-immobilization) |
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Definition
| An act executed before a notary by a party declaring that he is the owner of a certain movable property (mobile home, trailer, manufactured home) in which he declares said movable to be permanently affixed to the immovable property and immobilized (meaning the wheels and tongue of the movable are removed) and that the movable shall remain permanently attached to the land and be a part hereof under the provisions of La. R.S. 9:1149.4. The affixed movable may later be de-immobilized and the previously mentioned components replaced. |
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Term
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Definition
| Real property; real estate. |
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Term
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Definition
| As an undivided whole rather than separately; latin for "in a mass." |
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Term
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Definition
| Latin for "in whole"; completely; as a whole. |
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Term
| Incorporeal (or non-corporeal) |
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Definition
| Property that does not have a material form, such az a right or debt. |
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Term
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Definition
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Term
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Definition
| Between living persons. A donation between living persons is called an inter vivos donation. |
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Term
|
Definition
| A person above the age of majority who is declared by a court to be incapable of either caring for his own person or administering his estate, or both, although he may at times appear to have possession of his reason. |
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Term
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Definition
| Judicial proceeding whereby a curator is appointed for an adult or emancipated minor who, due to infirmity, is unable to make reasoned decisions regarding his person or property, or both. |
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Term
|
Definition
| Relating to, involving, or providing an interpretation or explanation of something. |
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Term
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Definition
| One who has died without a will. |
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Term
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Definition
| A written list or catalog of the property of a person or succession that is made under oath and that usually describes and assigns a value to each item of property. |
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Term
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Definition
| A determination of a court of law; a judicial decision. |
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Term
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Definition
| A mortgage which results from filing a judgement in the mortgage records of the parish where property of the debtor is located. |
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Term
|
Definition
| The clause "Sworn to and subscribed before me, notary public, at (place), on (date), and signed by the notary public," certifying that the statements contained in a writing were sworn to before an authorized officer, such as a notary public. |
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Term
|
Definition
| An entity to which the law attributes legal personality, such as a corporation. |
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Term
|
Definition
| Limited liability company. |
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Term
|
Definition
| Limited liability partnership. |
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Term
| Laborer's privilege or lien |
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Definition
| A privilege granted by law to protect workmen for the payment of the labor performed by them. |
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Term
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Definition
|
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Term
|
Definition
| Agreement by one party to let another person use a thing for a fixed price and term. |
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Term
|
Definition
| A mortgage arising by operation of law. |
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Term
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Definition
| One who is named in a will to take personal property; one who has received a legacy or bequest; a successor of a testate succession. |
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Term
|
Definition
| Also referred to as "lesion beyond moiety." The sale of an immovable may be rescinded for lesion when the price is less than one-half of the fair market value of the immovable. Lesion can be claimed only by the seller and only in voluntary sales of corporeal immovables. La. C.C. art. 2589. |
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Term
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Definition
| The barring of actions as a result of inaction for a certain period of time. |
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Term
|
Definition
| A legal claim; a privilege. |
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Term
|
Definition
| Of legal age. 18 is the legal age in LA |
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Term
|
Definition
| The person who originates a note or other negotiable instrument such as a check. |
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Term
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Definition
| That portion of a deceased's estate which the surviving spouse is entitles to claim when the deceased spouse dies rich in comparison with surviving spouse. The martial portion is 1/4 of the succession in ownership if the deceased died without children, the same fraction in usufruct for life if three or fewer children survive the deceased, and a child's share in usufruct if more than three children survive him; but the amount cannot exceed one million dollars. La. C.C. arts. 2432, 2434. |
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Term
|
Definition
| Transaction in which a person (mandator) confers authority on another person (mandatory or agent) to act for the principal; a power of attorney. |
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Term
| Materialman's privilege or lien |
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Definition
| A privilege granted by law to protect the supplier of materials for the payment of the materials furnished. |
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Term
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Definition
| A contract made by a couple intending to marry, or be married couple, for the purpose of establishing a separate property regime or modifying the legal regime. |
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Term
|
Definition
| The fixed for payment of a loan or obligation. |
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Term
|
Definition
| North-south surveying reference line. |
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Term
|
Definition
| A metric unit of measurement of length. Slightly longer than the English measurement of a yard. |
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Term
|
Definition
| Boundary of real estate described by linear measurements from one point to another. |
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Term
|
Definition
| Those precious metals, or oil and gas, etc., located on or beneath immovable property or the bottoms of navigable waters. |
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Term
|
Definition
| A person under 18 who has not been emancipated. |
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Term
|
Definition
| A granting of a privilege or lien on a movable or immovable which does not transfer possession to the creditor. |
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Term
|
Definition
| Records in which the parish clerk of court records instruments encumbering immovable property, such as mortgages, security interests, liens, judgements, etc. |
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Term
|
Definition
| The person in whose favor a mortgage is granted. |
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Term
|
Definition
| The person who grants a mortgage. |
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Term
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Definition
| " In contemplation of death," refers to a donation given in contemplation of death; a testament or will. |
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Term
|
Definition
| Any thing that the law does not determine to be immovable. |
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Term
|
Definition
| Owner of property burdened with a usufruct. |
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Term
|
Definition
| Latin for "it must not be altered" or "no variation"; used as part of a paraph. |
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Term
|
Definition
| A certificate usually prepared by an abstract company or the clerk of court certifying that certain described property has not been sold. |
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Term
|
Definition
| A person who does not reside on a permanent basis in the state. |
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Term
|
Definition
| The extinguishment of an existing obligation by the substitution of a new one. La C.C. art. 1879. |
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Term
|
Definition
| Testament entirely written, dated and signed by testator. |
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Term
|
Definition
| A donation conditioned upon the performance of a stipulated condition. |
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Term
|
Definition
| Proceedings in court using the usual or ordinary delays and legal requirements. |
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Term
|
Definition
| Ownership of the same thing by two or more persons which is not divided or segregated into separate portions. |
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Term
|
Definition
| Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate, or mortgage the same property to other persons to the prejudice of the mortgage. |
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Term
|
Definition
| A notation on a document to mark it for identification with another act. |
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Term
| Partial release of mortgage |
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Definition
| A partial cancellation of a security interest such as a mortgage; an act executed by the owner/holder of a promissory note which is secured by a mortgage or other security instrument, secured by a certain property, in which the holder of the note releases, cancels and erases the obligation on a specified portion of the property which secures the debt. |
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Term
|
Definition
| The division of property by sheriff's sale where the funds are then distributed among the owners by the share of ownership in the original property. |
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Term
|
Definition
| A legal division of real or personal property in equal portion. |
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Term
|
Definition
| A legal entity created by contract between two or more persons to enter into a joint venture. |
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Term
|
Definition
| A partnership characterized by the presence of ordinary partner and one or more partners who do not participate in the partnership except through capital contributions and enjoy limited liability. |
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Term
|
Definition
| A common wall; a wall constructed on a property boundary as a common support to buildings on both sides, which are under different ownerships. "Aka partition wall" La. C.C. art 673. |
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Term
|
Definition
| The whole of one's estate. |
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Term
|
Definition
| The pledge of movable property. |
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Term
|
Definition
| A person to whom a promissory note or bill of exchange is payable. |
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Term
|
Definition
| False swearing in court. To tell a lie under oath. |
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Term
|
Definition
| Change on a thing for a benefit of a person. There are three: usufruct, right of use, and habitation. |
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Term
|
Definition
| A security interest in property where the creditor takes possession of the property and returns it upon payment of the debt. |
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Term
|
Definition
| A shareholder's right to purchase newly issued stock before shares are offered to another person in an amount proportionate to the shareholder's current holdings in order to prevent dilution of the shareholder's ownership interest. |
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Term
|
Definition
| 1. A sum of money. 2. The person granting authority under a mandate. |
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Term
|
Definition
| An act between the parties that may or may not be witnesses but is signed by both parties. |
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Term
|
Definition
| A common-law term referring to a release of any rights, disputed or otherwise, a person has in immovable property. |
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|
Term
| Private act duly acknowledged |
|
Definition
| Private act acknowledged before a notary public. |
|
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Term
|
Definition
| A security interest in property that arises by operation of law and which is often not recorded. |
|
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Term
|
Definition
| A detailed, authenticated written report of a proceeding; French for "official record of oral proceedings. " |
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Definition
| A unilateral juridical act by which a person confers authority on another person to represent him in legal relations. La. C.C. art. 2987. It differs from mandate, which is a contract. |
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Definition
| Writing evidencing the existence of a debt in which the obligor promises to pay a stated amount on a date certain. |
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| A certification by a notary that an instrument formally presented for payment was dishonored. |
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Definition
| The establishment of the priority of payment of privileges, mortgages, or liens. |
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| Recording an instrument with the proper authority as prescribed by law. |
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| A legal procedure for renewing a lien or mortgage. |
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| The express or tacit abandonment of a right without transferring it to another. |
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| When the descendants of a deceased successor take the place of a deceased heir. |
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Definition
| One who is authorized to act for or represent another (principal), usually in business matters; an agent or mandatary. |
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Definition
| A condition of an obligation providing that upon the occurrence of a particular uncertain event, the obligation will come to an end. |
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Definition
| A act of sale of immobable property whereby the surrounding property is used to provide the legal description of the boundaries of the property being sold. |
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Definition
| A division of land. Normally one square mile containing 640 acreas. One of 36 comprised in township. |
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Definition
| The right to legal possession of the property of the deceased prior to the placing in possession of heirs of the ownership of the deceased's property. La. C.C. art. 935. |
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Definition
| Property of a spouse acquired before the marriage, property acquired with separate funds, or property acquired by donation or inheritance; property which is not community. |
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Definition
| A type of writ for the seizure of movable property. |
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Definition
| A real right which grants to the owner of the dominant estate the right to conduct works or activites, or, in some instances the right to prohibit certain works or conduct upon the servient estate. |
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Definition
| The person who creates a trust. |
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Definition
| A business enterprise, owned by a single person, which is not conducted by means or through the use of a juridical entity. |
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Definition
| A trust that prohibits the beneficiary's intrerest from being assigned and also prevents a creditor from attaching that interest, except as provided by law. La. R.S. 9:1725 (7), 9:2002. |
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Definition
| A division of immovable property into smaller portions. |
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Definition
| A juridical act the effect of which is to cause a higher ranked security interest, particularly a mortgage or privilege, to rank below a lower ranked security interest for purposes of determining preference of payment in the event of default on the underlying obligation. La. C.C. art. 3307. |
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Definition
| The conventional or legal substitution of one person to the rigths of another person. La. C.C. art 1825. |
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Term
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Definition
| The transmission of the estate of a deceased person to his successors. |
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Term
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Definition
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Term
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Definition
| Person who obligates himself to a creditor of another to pay the debt if the debtor fails to pay the creditor. |
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Term
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Definition
| A condition of an obligation providing that the obligation may not be enforced until the occurrence of a particular uncertain event. |
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Term
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Definition
| Not express; that which, althought not expressed, is understood from the nature of the thing or from provisions of law. Ex: a contract of mortgage need not be signed by the mortagee, whose consent is presumed and whose acceptance may be "tacit." La. C.C. art. 3289. |
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Term
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Definition
| Will; donation mortis causa |
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Definition
| Having left a valid will at death. |
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Definition
| The person who makes a will. |
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Definition
| Any person who is not a party to, or personally bound by, an instrument. |
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Term
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Definition
| The relationship resulting from the transfer of ownership of propety to another to be administered by him as a fiduciary, called a trustee, to hold for the benefit of another. La. R.S. 9:1731. |
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Term
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Definition
| A fiduciary that holds title to property for the benefit of another. |
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Definition
| The legal guardian of a minor after the termination of parental authority by divorce or death. La. C.C. art 246, et seq. |
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Definition
| A system of uniform rules for commercial laws adopted in every state. |
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Definition
| Collection of interest on a debt which exceeds that allowable by law. |
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Definition
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Definition
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Definition
| A right granted to the seller of a movable or immovable for the unpaid part of the price; this right entitles him to be paid before the buyer's other creditors. Also sometimes the term is used as the title of an act of credit sale o immovable property. |
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Definition
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Definition
| A common-law term for an act of sale wherein the vendor warrants his ownership and the marketablility of title to immovable propery. |
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Term
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Definition
| A donation made in contemplation of death; a testament or donation martis causa. |
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Term
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Definition
| A person competent ot testify as to what he has seen. To attest as a to observation or knowledge. |
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Term
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Definition
| A subsequent mortgage which permits a creditor to refinance a mortgage for a sum greater than the existing balance on a first mortgage without paying off or disturbing the existence of the first mortgage. |
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