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The young man knows the rules, but the old man knows the exceptions.
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Legal Definitions - laesio enormis vel ultra dimidium
The difference between ordinary and extraordinary is practice.
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Definition of laesio enormis vel ultra dimidium
Definition:Laesio enormis vel ultra dimidium is a legal term that refers to an excessive loss or abnormal loss of more than half. In Roman and civil law, it has two meanings:
- The sale of a thing for which the buyer paid less than half its real value. In this case, the seller could rescind the sale, but the buyer could keep the item purchased by paying the full value. This doctrine was usually applied to land sales.
- The injury sustained by one party to an onerous contract when the overreaching party receives twice the value of that party's money or property. For example, if a purchaser pays less than half the value of the property sold, or a seller receives more than double the property's value, laesio enormis may exist. If co-owner co-heirs partition or sell property, laesio enormis may exist when the purchaser pays less than one-fourth of the value rather than one-half.
In Louisiana, laesio enormis is also known as lesion beyond moiety.
Example: If John sells his house to Jane for $50,000, but the real value of the house is $100,000, then laesio enormis may exist. In this case, Jane paid less than half the real value of the house, and John could rescind the sale. However, if Jane wants to keep the house, she would have to pay the full value of $100,000.
Explanation: This example illustrates the first meaning of laesio enormis. John sold his house to Jane for less than half its real value, which is considered an excessive loss. Therefore, John could rescind the sale, but Jane could keep the house by paying the full value.
The life of the law has not been logic; it has been experience.
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Simple Definition
Laesio enormis is a legal term that means "excessive loss" or "abnormal loss of more than half." It was used in Roman and civil law to describe situations where a buyer paid less than half the real value of something they purchased, or where one party to a contract received twice the value of the other party's money or property. In these cases, the seller could rescind the sale, but the buyer could keep the item purchased by paying the full value. This doctrine was mostly used for land sales. In modern times, it is used to test the validity of contracts by their fairness.
It's every lawyer's dream to help shape the law, not just react to it.
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