Emptio Bonorum
Defined in 3 dictionaries — Cyclopedic (1922), Ballentine's (1916), Black's (1891)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
In the Roman law. The assignment of the estate and effects of an insolvent debtor, whether during his life or after his death, to a trustee for his creditors. Justinian deprived it of all its cumbrous formalities, but retained its effect, which is simply or very nearly that of an assignment upon bankruptcy in English law. EMPTIO ET VENDITIO (Lat. buying and selling).
In Roman law. The contract of sale. Sometimes it was compounded, — emptio-venditio, EMPTOR (Lat.) Buyer. EMPTOR EMIT QUAM MINIMO Potest, venditor vendit quam maximo potest. The buyer buys for as little as possible; the vendor sells for as much as possible. 2 Johns. Ch. (N. Y.) 252, 256, 486. EN AUTRE DROIT (Fr.) In the right of another.
Ballentine's Law Dictionary
James A. Ballentine · 1916
A Dictionary of Law
Henry Campbell Black · 1891
Lat. In Roman law. <A species of forced assignment for the benefit of creditors; being a public sale of an insolvent debtor's estate, whereby the purchaser succeeded to all his property, rights, and claims, and became responsible for his debts and liabilities to the extent of a quota fixed before the transfer. See Mackeld. Kom. Law, § 521.