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Simple English definitions for legal terms
acquet
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A quick definition of acquet:
Term: Acquet
Definition: Acquet refers to property that is acquired by purchase, gift, or any means other than inheritance. It is commonly used to describe property that is acquired during a marriage and is presumed to be community property. This means that both spouses have equal ownership of the property. Acquet can also be referred to as acquest or acquets and conquets.
A more thorough explanation:
Definition: Acquet refers to property that is acquired by purchase, gift, or any means other than inheritance. It is commonly used to describe property that is acquired during a marriage and is presumed to be community property.
Examples:
- When John and Jane got married, they bought a house together. The house is considered an acquet because it was acquired by purchase during their marriage.
- Lucy received a car as a gift from her parents during her marriage. The car is considered an acquet because it was acquired by gift during her marriage.
These examples illustrate how property that is acquired during a marriage can be considered an acquet and is presumed to be community property.