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LSDefine

Simple English definitions for legal terms

bilateral act

Read a random definition: suo periculo

A quick definition of bilateral act:

A bilateral act is when two or more people agree to do something together, like signing a contract or leasing a property. It's different from a unilateral act, where only one person's will is involved. An act is something that someone does, like speaking or writing. There are different types of acts, like intentional acts that are done on purpose, and negligent acts that create a risk of harm to others. A verbal act is when someone uses words to do something, like making a promise.

A more thorough explanation:

Definition: A bilateral act involves the consenting wills of two or more distinct parties. It can be a contract, a conveyance, a mortgage, or a lease.

Example: Two people agree to sell and buy a car. They sign a contract that outlines the terms of the sale, including the price, the condition of the car, and the date of the transfer of ownership. This is a bilateral act because it involves the consenting wills of both parties.

Explanation: A bilateral act is a legal term that refers to an agreement between two or more parties. It is a voluntary act that involves the wills of all parties. In the example given, the two parties agreed to sell and buy a car, and they signed a contract to make the agreement legally binding. Both parties had to agree to the terms of the contract, and their wills were involved in the act of signing the contract. This is why it is considered a bilateral act.

bilanciis deferendis | bilateral advance pricing agreement

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
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.
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