BENEFICIUM COMPETENTIAE

beneficium competentiae      (ben-<<schwa>>-fish-ee-<<schwa>>m kom-p<<schwa>>-ten-shi-ee). [Latin “privilege of competency”] Roman & Scots law. A debtor’s right to be ordered to pay only as much as the debtor reasonably could, so that after assigning his or her estate to creditors, the debtor kept enough to live on. See assignment for the benefit of creditors under ASSIGNMENT; SALVO BENEFICIO COMPETENTIAE. BENEFICIUM DIVISIONIS

beneficium divisionis           (ben-<<schwa>>-fish-ee-<<schwa>>m     di-vizh-ee-oh-nis).          See BENEFIT OF DIVISION. BENEFICIUM INVENTARII

beneficium inventarii           (ben-<<schwa>>-fish-ee-<<schwa>>m     in-ven-tay-ree-Ior in-ven-tair-ee-I). [Latin “with the benefit of inventory”] Roman law. The right of an heir to take an inventory within a set time before deciding whether to accept an inheritance. • An heir could provisionally take the succession and disclaim responsibility for debts beyond the estate’s value until the inventory was completed and the inheritance accepted or rejected. This right was introduced by Justinian. — Also termed cum beneficio inventarii (k<< schwa>>m ben-<<schwa>>-fish-ee-oh in-ven-tair-ee-I).[Blacks Law 8th]