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LSDefine

Simple English definitions for legal terms

affiliated purchaser

Read a random definition: clear and convincing evidence

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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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?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
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