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NEXUM, Rom. civ. law. Viewed as to its object and legal effect, nexum was either the transfer of the ownership of a thing, or the transfer of a thing to a creditor as a security. Accordingly in one sense nexum included mancipium, in another sense mancipium and nexum are opposed in the same way in which sale and mortgage or pledge are opposed. The formal part of both transactions consisted in a transfer per Des et libram. The person who became nexus by the effect of a nexum, placed himself in a servile condition, not becoming a slave, his ingenuitas being only in suspense, and was said nexum inire. The phrases nexi datio, nexi liberatio, respectively express the contracting and the release from the obligation.
     2. The Roman law, as to the payment of borrowed money, was very strict. A curious passage of Gellius (xx. 1) gives us the ancient mode of legal procedure in the case of debt as fixed by the Twelve Tables. If the debtor admitted the debt, or bad been condemned in the amount of the debt by a judex, he had thirty days allowed him for payment. At the expiration of this time he was liable to the manus. injectio, and ultimately to be assigned over to the creditor (addictus) by the sentence of the praetor. The creditor was required to keep him for sixty days in chains, during which time he publicly exposed the debtor, on three nundinae, and proclaimed the amount of his debt. If no person released the prisoner by paying the debt, the creditor might sell him as a slave or put him to death. If there were several debtors, the letter of the law allowed them to cut the debtor in pieces, and take their share of his body in proportion to their debt. Gellius says that there was no instance of a creditor ever having adopted this extreme mode of satisfying his debt. But the creditor might treat the debtor, who was addictus, as a slave, and compel him to work out his debt, and the treatment was often very severe. In this passage Gellius does not speak of nexi but only of addicti, which is sometimes alleged as evidence of the identity of nexus and addictus, but it proves no such identity. If a nexus is what he is here supposed to be, the laws of the Twelve Tables could not apply; for when a man became nexus with respect to one creditor, he could not become nexus to another; and if he became nexus to several at once, in this case the creditors must abide by their contract in taking a joint security. This law of the Twelve Tables only applied to the case of a debtor being signed over by a judicial sentence to several debtors, and it provided for a settlement of their conflicting claims. The precise condition of a nexus has, however, been a subject of much discussion among scholars. Smith, Dict. Rom. & Gr. Antiq. h.v., and vide Mancipitem.

References in periodicals archive ?
Harrington, Broker Owner of Nexum Realty in Framingham, as the 2015 Greater Boston REALTOR of the Year during the association's Annual Awards Brunch at the Oakley Country Club in Watertown.
In 2008 he joined the marketing and online agency nexum AG.
Dean Hill, director of Nexum Leisure, which runs the clubs, said: "We expect people to make an effort and we have a dress code of smart casual.
The draft opened with "Matrimonii perpetuum inviolabilemque nexum," which in the final decree became "Matrimonii perpetuum indissolubilemque nexum.
They had few ideas on how to arrest Humala's rise, suggested that the USG review its options, and proposed that the Embassy should expand the role of its communications contractor NEXUM to monitor coverage of Humala and promote antiHumala news and commentary in the coca regions," said the summary of the cable.
One company currently linked with PBR is Midlands-based Nexum Leisure, which is in a good position to acquire sites after recently re-negotiating its banking facilities last August.
They have already had considerable success in South Wales and the West where the holders have been adopted by JD Wetherspoon, Nexum Leisure and Novus Leisure as well as a number of privately-owned pubs and clubs.
Now part of the Nexum Leisure family - owners of some 18 nightclubs around the UK, including the country's biggest in the 4,700 capacity Syndicate in Blackpool - the club has undergone a pounds 2m refit.
9million from Nexum in March last year, ahead of planning permission or release of the land from the Leisure Services department.
Oakville, Ontario-based Outlook Resources and Econcept Bio-Energy Corporation recently announced the signing of a memorandum of understanding (MOU) for the formation of a new company, to be known as Nexum Bio-Energy Corporation, that will pursue the development of EnviroPlus ethanol and biogas products.