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Simple English definitions for legal terms
licitation
Read a random definition: McNabb-Mallory Rule
A quick definition of licitation:
Term: LICITATION
Definition: Lictation is when things are sold or bought at an auction. It can also refer to a legal sale of property that is owned by more than one person.
A more thorough explanation:
Definition: Lictation refers to the process of offering something for sale or bidding for purchase at an auction. In civil law, it specifically refers to a judicial sale of property held in common.
Examples:
- At the estate sale, there was a licitation of the deceased's personal belongings.
- The court ordered a licitation of the property owned jointly by the divorced couple.
The first example illustrates how licitation can occur at an auction or sale of personal property. The second example shows how licitation can be ordered by a court in the case of property owned jointly by multiple parties.