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Simple English definitions for legal terms

catching bargain

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A quick definition of catching bargain:

Definition: Catching bargain is when someone agrees to buy or sell something on unfair terms, especially when the other person has a future interest in the property. This is not allowed by law because it is unfair and takes advantage of someone.

A more thorough explanation:

Catching bargain is an agreement to purchase real property or loan money secured by real property from a person who has an expectant or reversionary interest in the property on unconscionable terms. This means that the terms of the agreement are unfair and unreasonable.

  • John is in financial trouble and needs money urgently. He agrees to sell his house to his friend, Tom, for half its market value. This is a catching bargain because John is in a vulnerable position and is being taken advantage of by Tom.
  • Susan is a landlord who rents out apartments. She makes her tenants sign a lease agreement that includes a clause stating that they cannot sue her for any reason. This is an illegal bargain because it is against public policy to prevent someone from seeking legal recourse if they have been wronged.

These examples illustrate how catching bargain and illegal bargain can be used to exploit vulnerable individuals or circumvent the law. It is important to be aware of these types of agreements and to seek legal advice if you are unsure about the terms of a contract.

catallis captis nomine districtionis | catchpoll

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RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
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?
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