restitusjon

English translation: restitution

11:59 Feb 5, 2019
Norwegian to English translations [PRO]
Law/Patents - Law: Contract(s)
Norwegian term or phrase: restitusjon
I am having a hard time making sense of the following text, if anyone can help me out:

Dersom kjøper får rett til å heve kjøpet, og kjøpesummen er mindre enn maksimalbeløpet i henhold til punkt 4.1,
aksepterer sikrede at restitusjon av eiendommen kan skje overfor selskapet eller én selskapet utpeker. Ved
selskapets restitusjon av kjøpesummen i disse tilfellene, overtar selskapet eiendomsretten til eiendommen, og står fritt
til å foreta eventuelle utbedringer og gjennomføre videresalg av eiendommen.
Dersom kjøpesummen er større enn maksimalbeløpet som angitt i punkt 4.1, kan selskapet også da kreve å
gjennomføre hevingsoppgjøret i henhold til prinsippene i punkt 4.2 1. ledd, slik at selskapet uavhengig av
maksimalbeløpet kan restituere hele kjøpesummen.
Michael Purvis
English translation:restitution
Explanation:
Ref.: Åge Lind: Engelsk/norsk juridisk ordbok.
The word "restitution" was used in the earlier common law to denote the return or restoration of a specific thing or condition. In modern legal usage, its meaning has frequently been extended to include not only the restoration or giving back of something to its rightful owner and returning to the status quo but also compensation, reimbursement, indemnification, or reparation for benefits derived from, or for loss or injury caused to, another. In summary, therefore, the word "restitution" means the relinquishment of a benefit or the return of money or other property obtained through an improper means to the person from whom the property was taken.[1]
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Vedis Bjørndal
Norway
Local time: 10:29
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3restitution
Vedis Bjørndal


  

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51 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
restitution


Explanation:
Ref.: Åge Lind: Engelsk/norsk juridisk ordbok.
The word "restitution" was used in the earlier common law to denote the return or restoration of a specific thing or condition. In modern legal usage, its meaning has frequently been extended to include not only the restoration or giving back of something to its rightful owner and returning to the status quo but also compensation, reimbursement, indemnification, or reparation for benefits derived from, or for loss or injury caused to, another. In summary, therefore, the word "restitution" means the relinquishment of a benefit or the return of money or other property obtained through an improper means to the person from whom the property was taken.[1]

Example sentence(s):
  • Derimot er restitusjon en naturlig følge av heving, og poster som kan dekkes i restitusjonsoppgjøret,krever ikke skyld eller kontrollansvar.

    Reference: http://en.wikipedia.org/wiki/Restitution
    Reference: http://www.duo.uio.no/bitstream/handle/10852/42808/545.pdf?s...
Vedis Bjørndal
Norway
Local time: 10:29
Native speaker of: Norwegian
PRO pts in category: 16
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