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Simple English definitions for legal terms
lapsus bonis
Read a random definition: special non est factum
A quick definition of lapsus bonis:
Term: LAPSUS BONIS
Definition: Lapsus bonis is a Latin phrase used in Scots law to describe someone who is experiencing temporary financial difficulties and has reduced circumstances. It means that the person was once in a good financial position but has now fallen on hard times.
A more thorough explanation:
Definition: Lapsus bonis (lap-suh s boh-nis) is a Latin term used in Scots law to describe a person who has fallen on hard times financially.
Example: John was a successful businessman until the recession hit. He lost his job and struggled to pay his bills. He was considered a lapsus bonis.
Explanation: The example illustrates how a person who was once financially stable can experience a sudden change in circumstances and become a lapsus bonis. This term is used to describe someone who is temporarily struggling financially and may need assistance to get back on their feet.