Latin Legal Terms

Constituo

Constituo – it means to set up, establish; create. The origin of the term is the Latin word “consto”, which means - to be established, stand firm. In practice, people use to set up corporate bodies, for performance of trading activities.
In practice, the word participates in the legal phrase “Pactum constitutae pecuniae”, which means “a contract for concrete amount” and usually is used in the Law of Contracts area, where refers to the reached agreement between the creditor and the debtor (or another person who wishes to cover the debt) that the debt shall be paid back towards the creditor on a certain, concrete date.
The word participates also in the legal phrase “Pactum de constituto”. It describes a concluded agreement where third party promises/guarantees payment of the debt towards the creditor, via paying it personally on behalf of the debtor or achieving some extra time for the debtor to pay back the debt.
The word participates also in the legal term “constitutum debiti”, which literally means “debt contract”. It is used in the area of Law of Contracts, where refers to a promise made towards somebody with the intention to make a payment and settle a debt (personal debt or a third party’s debt).
The word relates also to the legal maxim "constitutiones tempore posteriors potiores sun his quae ipas praecesserunt”, used in the area of Parliamentary Law. It provides that the latest issued legislation prevails over the previously issued one. This principle details the substitution of Laws.

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Bear that none of the listings on this dictionary and its explanations does not represent legal advice, and should not be considered applicable to any individual case or legal suit. All the definitions and interpretations have been stipulated with a theoretical purpose only to deliver more concrete information to the visitor of the website about the term or phrase itself.