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Simple English definitions for legal terms
coemption
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A quick definition of coemption:
Term: COEMPTION
Definition: Coemption is when someone buys all of something. It's like when you go to the store and buy all of the candy on the shelf. Coemptional and coemptive are words that describe this type of buying.
A more thorough explanation:
Definition: Coemption is the act of buying all of a particular item or commodity.
Examples:
- A company may engage in coemption by purchasing all of the available stock of a certain product from a supplier.
- A collector may practice coemption by buying up all of the rare stamps in a particular series.
These examples illustrate how coemption involves buying up all of a particular item or commodity, leaving none for others to purchase.