Legal Definition and Related Resources of Substitution
Meaning of Substitution
(Lat. substitutio) . In civil law. The putting of one person in the place of another, so that he may, in default of ability in the former, or after him, have the benefit of a devise or legacy. Direct substitution is merely the institution of a second legatee in case the first should be either incapable or unwilling to accept the legacy; for example, if a testator should give to A. his estate, but provides that, in case he cannot legally receive it, or he willfully refuses it, it shall go to B. Fidei commissary substitution is that which takes place when the person substituted is not to receive the legacy until after the first legatee, and, consequently, must receive the thing bequeathed from the hands of the latter ; for example, I institute A. my heir, and I request that at his death he shall deliver my succession to B. Merlin, Repert.; 5 Toullier, Dr. Civ. 14. See “Subrogation.”
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Substitution in the Dictionary | Substitution in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Substitution |
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Related topics | Substitution in the World Encyclopedia of Law |
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This definition of Substitution is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Concept of Substitution in the context of Real Property
A short definition of Substitution: The principle in appraisal holding that a buyer will not pay more for property than the price of available similar (substitute) property.
Concept of Substitution in the context of Real Property
A short definition of Substitution: The principle in appraisal holding that a buyer will not pay more for property than the price of available similar (substitute) property.
Substitution
Substitution
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