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LSDefine

Simple English definitions for legal terms

act of sale

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A quick definition of act of sale:

An act of sale is a legal document that proves that someone has sold something to someone else. It's like a receipt that shows what was sold, who sold it, and who bought it. It's usually written by a special person called a notary, who makes sure that everything is done correctly. The people who sell and buy the thing have to sign the document, and other people called witnesses also sign to show that they saw it happen.

A more thorough explanation:

An act of sale is a legal document that records the sale of a property. It is usually prepared by a notary public and signed by both the buyer and the seller. The act of sale serves as proof of ownership transfer and outlines the terms and conditions of the sale.

Example 1: John sold his car to Jane and they both signed an act of sale. The document stated the make and model of the car, the purchase price, and the date of the sale.

Example 2: Mary inherited a house from her grandmother and decided to sell it. She hired a notary public to prepare an act of sale, which included the property description, the sale price, and the payment terms.

These examples illustrate how an act of sale is used to document the sale of different types of properties, such as a car or a house. The document includes important details about the transaction, such as the purchase price, payment terms, and the date of the sale. It is a legally binding document that serves as proof of ownership transfer.

act of possession | act of sederunt

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General chat about the legal profession.
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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
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
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