DE AESTIMATO

DE AESTIMATO

de aestimato (dee es-ti-may-toh). [Latin ¡°for the estimation of something in money¡±] Roman law. An action available to an owner of goods against a person who received the goods but failed, after a certain period, to either pay the owner an agreed price after finding a purchaser or return the goods to the owner. ? The transaction, or aestimatum, was an innominate contract often used by traveling merchants or second-hand dealers who, after purchasing items, could then resell them at higher prices or return them to the owner. ¡ª Also termed actio aestimatoria.
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