Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

acceptor supra protest

Read a random definition: in publicam vindictam

A quick definition of acceptor supra protest:

Acceptor Supra Protest: An acceptor supra protest is someone who agrees to pay a bill that has been protested, in order to honor the person who originally wrote the bill or endorsed it. This means that even though the bill was not paid by the original party, the acceptor supra protest steps in to make sure that the payment is made.

A more thorough explanation:

Definition: An acceptor supra protest is a person who accepts a bill of exchange that has been protested, for the honor of the drawer or an indorser.

Example: Let's say that John owes $100 to Jane, and he writes a bill of exchange for that amount. Jane takes the bill to the bank to cash it, but the bank refuses to pay because John doesn't have enough funds in his account. The bill is then protested, which means that a formal notice of non-payment is sent to John. However, John's friend, Tom, wants to help him out and maintain his reputation. Tom can become an acceptor supra protest by accepting the bill and paying the $100 to Jane, even though he is not obligated to do so.

Explanation: In this example, Tom is the acceptor supra protest because he accepts the bill after it has been protested, for the honor of John (the drawer) or Jane (the indorser). By doing so, Tom is showing that he trusts John and wants to help him avoid any negative consequences of not paying the bill. This is a common practice in the business world, where reputation and trust are highly valued.

acceptor | accept service

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
LSD+ is ad-free, with DMs, discounts, case briefs & more.