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LSDefine

Simple English definitions for legal terms

affiliated purchaser

Read a random definition: sed per curiam

A quick definition of affiliated purchaser:

An affiliated purchaser is someone who buys things like stocks or securities with the help of someone else, or who has control over the purchases made by someone else. A bona fide purchaser is someone who buys something without knowing that someone else might have a claim to it, and who pays for it in good faith. A purchaser for value is someone who pays money for something they buy. A pure easement is a type of right that allows someone to use someone else's property for a specific purpose, like a path or driveway.

A more thorough explanation:

An affiliated purchaser is a person who is directly or indirectly connected to a distribution participant in the acquisition or distribution of securities. This can include an affiliate who controls the purchases of securities, a broker or dealer who is an affiliate, or an affiliate who regularly purchases securities for their own account or for others.

For example, if a company is distributing securities and one of its executives is buying those securities for their personal account, they would be considered an affiliated purchaser.

A bona fide purchaser is someone who buys something for value without knowing about any other claims to the property or any defects in the seller's title. They have a superior right to the property compared to the seller's creditors.

For example, if someone buys a car from a private seller and later finds out that the car was stolen, they may not be able to keep the car. However, if they bought the car from a dealership and had no reason to suspect that it was stolen, they would be considered a bona fide purchaser.

The pure comparative negligence doctrine is the principle that liability for negligence is apportioned based on the percentage of fault assigned to each party. A plaintiff's percentage of fault reduces the amount of recoverable damages but does not bar recovery.

For example, if a car accident occurs and the plaintiff is found to be 30% at fault, they would only be able to recover 70% of the damages from the other driver.

A pure obligation is an obligation that is not dependent on any condition or future event. It is an obligation that must be fulfilled regardless of any circumstances.

For example, if someone takes out a loan and agrees to pay it back with interest, that is a pure obligation. They must pay back the loan and interest regardless of any future events or circumstances.

affiliated group | affiliation order

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texaslawhopefully
19:59
This is where I think there’s value to political philosophy, but also to finding good news sources
Dkk
19:59
Yeah and that all loops around into the kind of person you become and values and etc. etc
20:00
@Dkk: ok boomer
I'm gonna say it: destiny is hot
lilypadfrog
20:04
no
20:05
@windyMagician: u dont know what youre talking about
lilypadfrog
20:05
what’s next. mr. beast is hot? let’s get serious here
20:05
get real
lilypadfrog
20:05
get a grip buddy
its okay if you hate me, they hated jesus
Dkk
20:06
Asmongold, super hot especially after a 72 hour no shower session.
lilypadfrog
20:06
I don’t even know who that is
lilypadfrog
20:06
Dk is a new kind of pervert
Dkk
20:06
I just found out about that guy a week ago but he is actually a big streamer. Sam Hyde told me about him.
lilypadfrog
20:07
your good personal friend Sam Hyde
YouTube is recommending sam hyde to me thanks to dk
Dkk
20:07
Lmfao, that would be cool but nah. Told me about him in a super secret leaked video called "Dear Elon"
lilypadfrog
20:08
I almost saw a picture of Nick Mullen’s penis once
Dkk
20:09
Classic Season 1/2 cumtown leak.
lilypadfrog
20:09
He sent it to my friend
Well I look like a bum, use to my work computer not allowing us to send emails without a subject and sent one without a subject to UTK. Blame the newborn baby brain
20:10
@BulbasaurNoLikeCardio: wow you are really impressive applying to law school as a newborn baby
20:10
.
Dkk
20:11
@lilypadfrog: Speaking of Destiny and Nick. Still seems like Nick is leaking graphic content: https://x.com/brandonpagano/status/1881468884798365804
lilypadfrog
20:11
I read that as you sent them a pic of the baby for a second
kjds are getting crazier
texaslawhopefully
20:11
Sorry to interrupt this scintillating conversation but uchicago needs to release tmrw 😭
20:11
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20:12
sorry
are we not going to get context on nick mullen sending nudes to your friend
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