Glossary entry (derived from question below)
Portuguese term or phrase:
pacto comissório
English translation:
comissory pact
Added to glossary by
Martin Riordan
Oct 21, 2016 11:30
7 yrs ago
12 viewers *
Portuguese term
pacto comissório
Portuguese to English
Law/Patents
Law: Contract(s)
This is a clause in a contract that annuls a purchase and sale agreement if the buyer defaults on its obligations.
http://www.dicionarioinformal.com.br/significado/comiss�rio/106...
http://www.dicionarioinformal.com.br/significado/comiss�rio/106...
Proposed translations
(English)
4 +1 | comissory pact | Margarida Martins Costelha |
4 | agreement of forfeiture | Mario Freitas |
3 | defeasance clause; (US contract) avodiance clause | Kim Kardasho (X) |
2 | forfeiture clause | T o b i a s |
Proposed translations
+1
6 mins
Selected
comissory pact
http://www.oalib.com/paper/1065504#.WAn9j2ddbIU
the prohibition of the comissory pact is one of the most ancient institutions in private law...
the prohibition of the comissory pact is one of the most ancient institutions in private law...
Peer comment(s):
agree |
Maria Teresa Borges de Almeida
10 mins
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Obrigada, Teresa
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neutral |
Gilmar Fernandes
: If you google "comissory pact" one finds only about 124 occurrences and they're all literal translations of Portuguese, Spanish, Romanian papers..../ Not sure, that's why I didn't post an answer.
2 hrs
|
Ok, what do you suggest?
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neutral |
T o b i a s
: Ditto Gilmar. I get 19 Google occurrences.
5 days
|
4 KudoZ points awarded for this answer.
Comment: "In this case, I think this is the best option. Thanks to all who contributed!"
6 hrs
33 mins
defeasance clause; (US contract) avodiance clause
Defeasance clause: commonly found in US and UK mortgages (Scotalnd: standard security), but not necessarily.
Pacto comisorio: clause allowing for rescission upon breach of contract: Tom West III' ES/AmE law & business dictionary.
contrast:
a condition precedent > (Scots law) a suspensive condition
a condition subsequent > (Scots law) a resolutive condition
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Note added at 46 mins (2016-10-21 12:16:38 GMT)
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avoidance clause...
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Note added at 6 hrs (2016-10-21 18:24:48 GMT)
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PS forfeiture clause in my first web ref: usually applies only to forfeiture of a money deposit, not of goods sold - as may be the case here.
Pacto comisorio: clause allowing for rescission upon breach of contract: Tom West III' ES/AmE law & business dictionary.
contrast:
a condition precedent > (Scots law) a suspensive condition
a condition subsequent > (Scots law) a resolutive condition
--------------------------------------------------
Note added at 46 mins (2016-10-21 12:16:38 GMT)
--------------------------------------------------
avoidance clause...
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Note added at 6 hrs (2016-10-21 18:24:48 GMT)
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PS forfeiture clause in my first web ref: usually applies only to forfeiture of a money deposit, not of goods sold - as may be the case here.
Example sentence:
Definition of defeasance: Stipulation in an agreement which provides for its cancellation under specified conditions
Reference:
10 hrs
Discussion