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Simple English definitions for legal terms
vendue
Read a random definition: limited power of attorney
A quick definition of vendue:
Vendue means a public auction where things are sold to the highest bidder. It's like a big sale where people bid on items they want to buy. Sometimes, things are sold because the owner can't pay their bills or taxes. Other times, people just want to get rid of things they don't need anymore. At a vendue, anyone can come and bid on the items they want to buy. The person who bids the most money gets to take the item home.A more thorough explanation:
Definition: Vendue refers to a sale, especially a public auction. It can also refer to an execution sale, which is a forced sale of a debtor's property by a government official carrying out a writ of execution.
Examples:
- At the vendue, the antique furniture was sold to the highest bidder.
- The sheriff's vendue was held to sell off the debtor's property to pay off their debts.
These examples illustrate how vendue can refer to both a public auction and a forced sale of property.