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LSDefine

Simple English definitions for legal terms

accounting for fruits

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A quick definition of accounting for fruits:

Accounting for fruits refers to the process of keeping track of the income or goods produced by something, such as land or animals. This can include revenue from leases or interest payments, as well as crops or eggs. In legal terms, there are two types of fruits: natural fruits, which are products of the land or animals, and civil fruits, which are revenue derived from a thing by operation of law or by reason of a juridical act.

A more thorough explanation:

Accounting for fruits refers to the process of claiming the return of natural or civil fruits from an adverse possessor or someone who is obligated by law or contract to account for them. Fruits, in this context, refer to the produce or product of something, such as land or property.

  • Crops: Fruits can refer to crops that are grown on a piece of land. For example, if someone is leasing a farm and growing crops on it, the owner of the land may be entitled to a share of the crops as fruits.
  • Interest payments: Fruits can also refer to revenue derived from a thing by operation of law or by reason of a juridical act, such as lease or interest payments. For example, if someone owns a rental property, the rent they receive from tenants would be considered fruits.
  • Eggs: Natural fruits refer to products of the land or of animals. For example, eggs laid by chickens on a farm would be considered natural fruits.

These examples illustrate how fruits can refer to different types of produce or revenue that are derived from property or land. Accounting for fruits is important to ensure that the rightful owner receives their fair share of the produce or revenue.

account for | accounting for profits

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