10:43
I got 2 weeks left of this shit and I have 0 motivation
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Warning
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LSDefine
Simple English definitions for legal terms
commendam
Read a random definition: overreaching
A quick definition of commendam:
Commendam is a word that describes a type of church law where a vacant position is temporarily filled by a clerk until a permanent pastor can be found. This was a way for bishops and other important people to make money. Commendams were stopped in England in 1836. Commendam can also refer to a type of partnership where two or more people own and run a business together for profit. There are different types of partnerships, like a general partnership where everyone is equal, or a limited partnership where some people only contribute money and don't have as much say in how the business is run.A more thorough explanation:
COMMENDAM
Commendam refers to a vacant benefice held by a clerk until a regular pastor could be appointed in the context of Ecclesiastical law. It was a lucrative source of income for bishops and other dignitaries. Commendams were abolished in England in 1836. In the context of partnership, it refers to a partnership in which one partner contributes capital and shares profits but cannot manage the business and is liable only for the amount of their contribution.
- In the past, a bishop could hold a commendam until a regular pastor was appointed to the benefice.
- A limited partnership is an example of a partnership in commendam where one partner contributes capital but cannot manage the business.
The first example illustrates the historical context of commendam in Ecclesiastical law. The second example illustrates the modern context of commendam in partnership law.