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KembaraXtra – Legal Terms – Jus Accrescendi Inter Mercatores Pro Beneficio Commercii Locum Non Habet
KembaraXtra – Legal Terms – Jus Accrescendi Inter Mercatores Pro Beneficio Commercii Locum Non Habet
This Latin maxim means that the right of survivorship does not apply between business partners for the benefit of commerce. In partnerships, property is treated differently from joint tenancy arrangements.
Instead of passing automatically to surviving partners, a deceased partner’s share becomes part of their estate. This ensures fairness in commercial relationships and allows the deceased partner’s interest to be distributed according to their will or the law of succession.
This Latin maxim means that the right of survivorship does not apply between business partners for the benefit of commerce. In partnerships, property is treated differently from joint tenancy arrangements.
Instead of passing automatically to surviving partners, a deceased partner’s share becomes part of their estate. This ensures fairness in commercial relationships and allows the deceased partner’s interest to be distributed according to their will or the law of succession.
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