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constitutum possessorium
A Latin term used to describe the case where an item is sold by a seller to a purchaser, but before it can be transferred to the new owner (purchaser), the item is kept or stored by the former owner (seller). Thus, the parties’ rights over the object have changed despite physical delivery to the new owner not having taken place.
The seller agrees to keep the item for the purchaser or when the seller transfers ownership and retains a usufruct.
Source : LawyerIntl.com
Language : English