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LSDefine

Simple English definitions for legal terms

antecedent claim

Read a random definition: lex validitatis

A quick definition of antecedent claim:

An antecedent claim is a claim that existed before a certain event or transaction. For example, if someone owes you money and you use that debt as a reason to take possession of their property, that debt is considered an antecedent claim. Under the Uniform Commercial Code (UCC), if someone takes possession of an instrument (such as a check or promissory note) in exchange for an antecedent claim, they are considered to have taken it for value.

A more thorough explanation:

An antecedent claim is a claim that existed before a particular event or transaction. In legal terms, it refers to a preexisting claim that can be used to support a legal action or transaction.

For example, if a person owes money to a creditor, the creditor has an antecedent claim against that person. If the person then offers to give the creditor a piece of property as payment, the creditor can take the property for the antecedent claim.

Another example is in the context of the Uniform Commercial Code (UCC). Under the UCC, a holder of a financial instrument, such as a check or promissory note, is considered to have taken it for value if it is taken for an antecedent claim. This means that if a person owes money to someone and gives them a check to pay off the debt, the recipient of the check can be considered a holder for value because they took the check for the antecedent claim.

antecedent basis | antecedent debt

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JumpySubsequentDolphin
16:39
im allergic to baby cats >:(
JumpySubsequentDolphin
16:40
I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
16:43
New Father John Misty album out today
16:44
People saying it’s his best yet by far
babycat
16:45
what would I do without you renard99
awww ty wasp :)
i have 4 (baby) cats!
16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
16:48
I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
JumpySubsequentDolphin
16:51
@jackfrost11770: IM SO JEALOUS
2big2fail
16:52
perhaps peggerdine this evening
2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
babycat
16:59
schools mostly care about your undergrad GPA
umarrussell
17:07
whats a good GRE score
1a2b3c4d26z
17:07
100% chance at getting into a law school
umarrussell
17:07
i feel like you have to score fairly high to get in with GRE
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