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Simple English definitions for legal terms

absolute assignee

Read a random definition: legalism

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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renard99
14:14
But as Lilypad said it's probably just maintained atp, no major updates
14:15
fwiw all the UCLSF students I know still basically say hastings. even the huge crest in the foyer still says hastings
renard99
14:15
@llama: Man I'd be more than happy to
14:15
LSD is in decay age of social network
renard99
14:15
^LMAO yeah
renard99
14:15
Basically accepted atp that I'm gonna have to R&R so might as well take up some jobs while I'm at it
14:15
sad. imagine being here in 2005/2010 when it was 100 operational. woe is me
@llama: back when 160s meant t14
14:16
born too late to experience full LSD born too soon to explore the galaxy
14:16
^ gets it
lilypadfrog
14:16
https://www.lsd.law/users/creep/cryptanon this is one of the guys who made the website
14:16
@lilypadfrog: wow more recent than i would have wagered
14:17
how is it so that I creep a rando and their app year is 2005-2005?
14:17
2005-2006* for example
renard99
14:18
^ find that rando in your circle and ask them where they've stored all their cycle letters
ReminiscentZestyFish
14:18
Vandy??
renard99
14:18
Possibly in a dark corner of the attic in a box
VANDY
soyalmondoatmilk
14:18
vandy A let's gooooo
all the Vandy
ReminiscentZestyFish
14:18
Aint no way
jackfrost11770
14:19
Wow that's awesome nothing from vandy
GreyCeaselessMammoth
14:19
what
GreyCeaselessMammoth
14:19
fuck
renard99
14:19
@soyalmondoatmilk: Congratulations!!!
jackfrost11770
14:19
I applied in November
jackfrost11770
14:19
Idk when the As did
GreyCeaselessMammoth
14:19
does anyone know if they usually release all at once or waht
nothing
jackfrost11770
14:20
Well I hope not otherwise I'm screwed
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