Warning

Info

LSDefine

Simple English definitions for legal terms

catching bargain

Read a random definition: hazard insurance

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

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 12 👎
Help us make LSD better!
Tell us what's important to you
lawguy we're nearly stats twins :D
13:13
I saw that, and I saw you got the Georgetown interview invite yesterday too! Goodluck!
you too haha, i was super surprised to have received one so early not gonna lie
i heard the group interview is really chill and I'm kinda excited to do it
seems cool
13:14
Yeah, 7sage has a page that talks about the questions for each schools interview, GULC's seems unique
13:15
Idk how much of an effect it has on admissions chances but should be cool either way
ive heard the conversion rate for gulc group interview is pretty high even moreso if you have the stats
it's hard to say but i've also heard that the group interview is harder to get than the alumni interview. but who really knows tbh
im p sure they don't interview everyone and getting one this early should be a great sign!
13:16
Yeah I've heard the same ab the group interview
13:17
So maybe I'll see you in D.C. a year from now lmao
initiallaw
13:32
Speaking of stat twins kazuyamishima were exact stat twins lol
17:13
Anyone going to the UGA zoom thing on the 22nd?
17:16
My bad, 24th*
Idk, what's it for?
@Law-Guy: How'd you get the Vandy fee waiver?
17:32
What does going ur3 in 3 days mean at Uva 😅
that you will get UR2 in 3 more
17:33
somethings gotta give
I’m new. What’s the UR and UR2?
17:35
I already went ur2. It’s the 3rd status date change
17:35
@RustyWrangler: attend one of their virtual info sessions and they'll send you a fee waiver
@Law-Guy: Awesome, thanks! I'll sign up rn!
i'm not entirely sure
They've recently been sending a lot of interview invites
It means status change?
17:47
Someone said there is a wl/r wave coming but how can that even be predicted 😭
17:48
Where?
Quillinit
17:50
This is obviously not true for UVA. Past years show they don't send any non A results until December
LSD+ is ad-free, with DMs, discounts, case briefs & more.