Legal Definitions - emptio

Term: Emptio
Definition: Emptio is a Latin word that means "purchase." In Roman and civil law, it refers to the act of buying something. For example, when you go to a store and buy a toy, you are making an emptio. Another type of emptio is called "emptio bonorum," which is a forced sale of an insolvent debtor's estate. This means that when someone owes a lot of money and can't pay it back, their property is sold to pay off their debts. The person who buys the property becomes responsible for the debts. Emptio can also refer to a contract of sale, where both the buyer and seller have duties and rights in the transaction. For example, when you buy a car from a dealership, you are making an emptio et venditio.