Latin Legal Terms

Emptio

Emptio – this Latin word details the buying, the purchase (of goods or items). In the legal practice, it usually applies in the Commercial Law, where details the act of acquiring ownership of stocks on the market, against payment of price (a sum of money) towards the trader. The procedure is known as “emptio et venditio” (purchase and sale) and it details the concluded sale agreement between the seller and the buyer for the sale of the item or service. This term origins from the verb “emo”, which literally means “I purchase”.

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