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LSDefine

Simple English definitions for legal terms

affiliated purchaser

Read a random definition: Agricultural Research Service

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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when did you apply
10:35
let me guess u applied 2 weeks ago
10:36
good one cobra i love u i love u so much
no not quite about 6 weeks ago lol
I know some people have been waiting since December I'm not slamming that it's just a heartache to be checking daily regardless
your frustration is still valid king
or queen
i dont know
thx you I appreciate that sm
10:37
@bigfatsloth: 🫶🏻
10:38
@SwiftKnownMockingbird: i predict you will likely hear back either end of this week or early next week from a couple of them
10:38
given that it's nearing end of april
bless you I sure hope so
is everyone else waiting on a handful of schools?
i got three schools left that been ghosting me since jan
What is r and r, btw? Im only shooting for touro because I essentially have a job lined up out of school. Long Island is weird. Touro maybe in the 160s but half the attorneys on this island have gone there. Not really looking for prestige. I’m likely done after this cycle. I’m 34. Getting married in a few months. Just gonna go ahead and focus on my family and career. Don’t know if I have it in me to keep going. I knew this was an uphill battle so I appreciate the honesty.
retest and reapply
I'll be honest if just the process of applying leaves you questioning if you have it in you to keep going then law school is gonna do you in
this is checkers we aint even playing chess yet
10:43
that is true
10:44
dude studying for the lsat had me questioninf everything that was one of the lowest points in my life i think
Have it in me in the sense of do I want to do this again when I know a rejection is still very likely given my GPA. I have no problem taking the test again and reapplying I just mean in the sense of my grades are never gonna change so is it futile etc
10:45
@OldDogNewTricks: your plan is good.
10:45
stick with touro
ah thats fair. well there have been people with worse gpas to make it, you just have to put in the work for the LSAT and maybe take the advice of the people above. your cycle isnt over yet though. hoping for the best for you and congrats on the wedding!
Mostlylegal
10:48
congrats on the wedding olddog!
10:48
@OldDogNewTricks: I'm a little younger than you and not as settled into my career and need to make a big career pivot all at once. If I was already a paralegal I'd have looked more closely at part time programs
Mostlylegal
10:49
if you are thinking of starting a family soon be aware law school will likely become a second full time job
Thank you all! Glad I found this site. You’re all good people. Yeah, i applied to Touro’s Flex Time program. All classes on Sunday so at least I won’t be working during the day and out in class multiple times a week. Especially if we have a fam right away.
DefinitelyRobbingBanks
11:06
Anyone here plan on working full time and attending a FT program? Just me?
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