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A summary execution clause and a pactum commissorium will be invalid clauses in the case of a mortgage. A pactum commissorium is a stipulation in a contract of mortgage of pledge which provides that the mortgagee will automatically own the property mortgaged in case the mortgagor fails to pay the loan. If you buy a house the mortgage contract cannot contain a clause that will enable the bank to sell the house without a court order (in the case that you default on the payments), in other words the process whereby attachement takes place must be followed. There are specific procedures in place to protect the property owner from summary execution or a automatic process in regards to both general and special mortgages.
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Wiki User
∙ 13y ago
Wiki User
∙ 16y agoThe automatic appropriation and disposition by a creditor of things given by way of pledge or mortgage.
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What actors and actresses appeared in Pactum - 2007?
The cast of Pactum - 2007 includes: Miguel del Arco
How do you say covenant in Latin?
The Latin word for Covenant is Pactum, Pactum is defined as: agreement, contract, covenant, pact.
What is a pactum de non petendo?
A pactum de non petendo is an agreement in law in which a creditor promises not to force a debt.
What is the Latin word for contract?
pactum
What has the author Pactum Serva written?
Pactum Serva is the author of the book "The Art of Negotiation: Strategies for Success." The book offers practical advice and insights on how to negotiate effectively in various situations.
What is Lloyd's of London's motto?
my word is my bond - Should be "Dictum Meum Pactum"
What is meaning of nude?
Bare; naked; unclothed; undraped; as, a nude statue., Naked; without consideration; void; as, a nude contract. See Nudum pactum.
What forigen language does the word patio come from?
The word "patio" comes from Spanish, stemming from the Latin word "patere," which means "to lie open."
What is a roman word starting with p?
Romans spoke Latin, so Latin that start with "p" are: pacisor, pactum, pene, paganus, pala, palam, pallium, palma, pando, par, and paratus.
Is 'patio' an Italian or a Spanish word?
Patio is a Spanish, not an Italian, word. The masculine singular noun translates as "courtyard" in English through its Latin origins either as the noun pactum ("agreement," "bargain," "pact") or the verb patere ("to lie open"). The pronunciation will be "PA-tyo" in Spanish.
What did the Concordat of Worms do?
The Concordat of Worms, sometimes called the Pactum Calixtinum by papal historians, was an agreement between Pope Calixtus II and Holy Roman Emperor Henry V on September 23, 1122 near the city of Worms. It brought to an end the first phase of the power struggle between the Papacy and the Holy Roman Emperors. The King was recognized as having the right to invest bishops with secular authority ("by the lance") in the territories they governed, but not with sacred authority ("by ring and staff").~DoRtHy~
What is the antonym for example?
There is no antonym for example, you can't have no example. Therefore there is no antonym for example.
