Legal Definitions - transeunt cum universitate

TRANSEUNT CUM UNIVERSITATE

Transeunt cum universitate is a Latin term that means "they are transferred with the whole estate." This term is often used in legal contexts to refer to the transfer of property or assets along with all associated rights and responsibilities.

For example, if a person sells a piece of land that includes a house and all the fixtures and fittings, they may use the term transeunt cum universitate to indicate that the buyer is acquiring not just the physical property, but also all the rights and responsibilities associated with it, such as the right to use the land and the responsibility to pay property taxes.

Another example might be the transfer of ownership of a business. If a business is sold, the new owner may use the term transeunt cum universitate to indicate that they are acquiring not just the physical assets of the business, but also all the associated rights and responsibilities, such as any outstanding debts or legal obligations.

These examples illustrate how the term transeunt cum universitate is used to indicate a transfer of ownership that includes all associated rights and responsibilities, rather than just the physical property or assets themselves.