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Simple English definitions for legal terms
acquets and conquets
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A quick definition of acquets and conquets:
Acquets and Conquets: This is a legal term that refers to property that a married couple acquires during their marriage. It can be anything that they buy or receive as a gift, but not inherited property. This property is usually considered to be owned equally by both spouses.
A more thorough explanation:
Definition: Acquets and conquets refer to property acquired by either spouse during a marriage, which is presumed to be community property. The term is derived from the French word "acquêt" meaning acquisition.
Examples: If a husband buys a car during the marriage, it is considered an acquet and belongs to both spouses. Similarly, if a wife receives a gift of jewelry from her parents, it is also considered an acquet and belongs to both spouses.
Explanation: Acquets and conquets are important concepts in civil law, particularly in community property states. In these states, property acquired during a marriage is generally considered to be owned equally by both spouses, regardless of who acquired it. This means that if a couple divorces, all acquets and conquets are subject to division between the spouses.