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Simple English definitions for legal terms
hacienda social
Read a random definition: non sui juris
A quick definition of hacienda social:
Term: HACIENDA SOCIAL
Definition: Hacienda social refers to property that belongs to a group of people who have formed a corporation or partnership.
This means that instead of one person owning the property, a group of people share ownership and responsibility for it. It's like when you and your friends work together to build a fort or a treehouse, and you all get to use it and take care of it together.
A more thorough explanation:
Definition: Hacienda social refers to property that belongs to a corporation or partnership under Spanish law.
Example: A group of investors form a partnership to purchase a large piece of land for farming. The land and any assets acquired through the partnership would be considered hacienda social.
Explanation: The example illustrates how a group of individuals can come together to form a partnership and collectively own property, which is known as hacienda social. This type of ownership structure is common in Spanish law and can apply to various types of assets, such as land, buildings, and equipment.