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Simple English definitions for legal terms
communio bonorum
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A quick definition of communio bonorum:
Term: COMMUNIO BONORUM
Definition: Communio bonorum means "community of goods" in Latin. In civil law, it refers to goods that are commonly owned, especially those held in common by a husband and wife. This term is often used in the plural form, communiones bonorum.
A more thorough explanation:
Definition: Communio bonorum is a Latin term that means "community of goods." It refers to the common ownership of goods, particularly those held jointly by a husband and wife.
Examples: In a marriage, communio bonorum may include shared bank accounts, property, and other assets. For instance, if a couple buys a house together, they both have equal ownership of the property. If they decide to sell the house, they would both receive an equal share of the proceeds.
Another example of communio bonorum is a business partnership. If two people start a business together, they may choose to have a communio bonorum agreement, which means that they share ownership of the business and its profits equally.
These examples illustrate how communio bonorum involves the joint ownership of goods and the equal sharing of benefits and responsibilities.