Legal Definitions - qui cedit foro

QUI CEDIT FORO

Qui cedit foro (kwIsee-dit for-oh) is a Latin term that refers to a person who stops payment or becomes bankrupt.

Example 1: John was unable to pay his debts and had to file for bankruptcy. He is now considered qui cedit foro.

Example 2: The company's financial situation was so bad that it had to stop all payments to its creditors. The company is now known as qui cedit foro.

The term qui cedit foro is used to describe a person or company that is unable to pay their debts and becomes bankrupt. The examples illustrate how a person or company can become qui cedit foro due to financial difficulties.