What is a actio quanti minoris?
An action in which the purchaser of a good claims a reduction of the price proportionate to the reduction in value caused by a defect.
What does actio Redhibitoria meaning?
Article Name: Actio redhibitoria. Description: In civil law. An action to compel a vendor to take back the thing sold, and return the price paid. …
What are Aedilitian remedies?
March 25, 2019 No Comments on Aedilitian actions. The aedilitian actions, are the legal actions that are available in terms of Roman law, whereby a party may protect themselves against latent defects in the thing sold. The two remedies available in this context are the actio redhibitoria and the actio quanti minoris.
What is the prescriptive period for filing action Redhibitoria or action quanti minoris?
6 monthsThis action will have a prescription period of 6 months since the thing has been delivered.
What is meant by caveat Subscriptor?
Caveat subscriptor is a Latin term used in trading to mean “let the seller beware” and in legal language to refer to the obligations of a contract signer. When signing a contract, the individual automatically agrees to the conditions stated within it, regardless of whether they have read and/or understood them.
What does Aedilitian mean?
(also aedilitian) Roman History. A person who has been an aedile, and so has the right to be elected to other offices.
What is MERX in law?
A. The thing sold. The thing sold is also known as the res vendita or the merx. Generally, nearly anything may be sold. The thing to be sold may be movable or immovable, corporeal or incorporeal, provided that the thing sold is capable of being sold in commerce (ie.
What is duty of good faith?
The duty of good faith stands for the principle that directors and officers of a corporation in making all decisions in their capacities as corporate fiduciaries, must act with a conscious regard for their responsibilities as fiduciaries.