consentir toutes antériorités au profit de tous créanciers et cessionnaires
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13:19 Nov 25, 2013
This question was closed without grading. Reason: Other
French to English translations [PRO] Bus/Financial - Law (general) / Power of attorney to sell a house (France)
French term or phrase:consentir toutes antériorités au profit de tous créanciers et cessionnaires
consentir toutes restrictions de privilège et toutes antériorités au profit de tous créanciers et cessionnaires, stipuler toutes concurrences, remettre ou se faire remettre tous titres et pièces en donner ou retirer décharge ;
It's "toutes antériorités" which I do not understand here
allow any creditors and assignees to be given priority
Explanation: This is a power of attorney to sell, so the notary will be receiving some money on behalf of the seller, that he will then distribute.
This clause allows the notary to pay off any debts owed to creditors whose ranking may be lower than that of the seller - so the seller "consent l'antériorité" to the other creditors so that they can be paid before him.
The first part of the sentence is similar. Usually, the seller has a "privilège" (preferred right) to collect the proceeds of the sale. Here, he accepts any restrictions to that privilège, so that the money can be used to pay off other creditors.
Tim Webb France Local time: 23:56 Specializes in field Native speaker of: English PRO pts in category: 63