Solutio pretii emptionis loco habetur

Solutio pretii emptionis loco habetur
The payment of the price is regarded as taking the place of a sale. Title acquired by the conversion of a chattel takes effect from the time of the conversion. This rests upon the maxim, which presumes that the wrongdoer is in possession of the property and has not voluntarily parted therewith to a third party. Third National Bank v Rice (CA8 Mo) 161 F 822.

Ballentine's law dictionary. . 1998.

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  • solutio pretii emptionis loco habetur — /sal(y)uwsh(iy)ow preshiyay em(p)shiy6wnas lowkow habiytar/ The payment of the price [of a thing] is held to be in place of a purchase [operates as a purchase] …   Black's law dictionary

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