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Simple English definitions for legal terms

absolute assignee

Read a random definition: post audit

A quick definition of absolute assignee:

An absolute assignee is someone who receives property rights or powers from someone else. This person is given an unqualified interest in the property, meaning they have full ownership and control over it. The term "assignee" is used so often that it can be hard to understand exactly what it means. Courts have to look at the intent of the person who made the assignment and the person who received it to figure out what rights and responsibilities they have. Other types of assignees include those who receive property as collateral for a loan, those who receive property without paying for it, and those who receive property from a previous assignee.

A more thorough explanation:

Definition: An absolute assignee is a person who is assigned an unqualified interest in property in a transfer of some or all of the incidents of ownership. It is a term used to describe someone to whom property rights or powers are transferred by another.

For example, if John assigns his ownership of a car to Jane without any conditions or limitations, Jane becomes the absolute assignee of the car. She has complete ownership and control over the car, and John no longer has any rights to it.

The term "absolute assignee" is often used in legal contexts, but its meaning can vary depending on the specific circumstances of the assignment. Courts may look to the intent of the assignor and assignee in defining rights and responsibilities, rather than relying solely on the use of the term "assignee."

Other types of assignees include:

  • Assignee ad interim: An assignee appointed between the time of bankruptcy and the appointment of a regular assignee.
  • Assignee for value: An assignee who has paid for or otherwise given consideration for the assignment.
  • Collateral assignee: A lender who is assigned an interest in property (usually real property) as security for a loan.
  • Gratuitous assignee: An assignee under an assignment not given for value.
  • Subassignee: A person to whom a right is assigned by one who is a previous assignee of the right.

These examples illustrate how the term "assignee" can be modified to describe different types of assignments and assignees, each with their own specific rights and responsibilities.

absoile | absolute assignment

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my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
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