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Simple English definitions for legal terms

close-connectedness doctrine

Read a random definition: generation-skipping transfer

A quick definition of close-connectedness doctrine:

The close-connectedness doctrine is a rule that some courts use to prevent someone who receives a negotiable note from being considered a holder-in-due-course if they are too closely related to the original holder of the note. This means that if the person who gave you the note is too closely connected to you, you may not have the same legal rights as someone who received the note from a more distant source.

A more thorough explanation:

The close-connectedness doctrine is a legal principle used by some courts to prevent an assignee of a negotiable note from being considered a holder-in-due-course if they are too closely connected to the original holder-mortgagee.

For example, if a mortgage company assigns a note to a subsidiary or affiliate company, the assignee may not be considered a holder-in-due-course under the close-connectedness doctrine. This is because the assignee is too closely connected to the original holder-mortgagee.

The purpose of the close-connectedness doctrine is to prevent collusion or fraud between the original holder-mortgagee and the assignee, which could harm the interests of the borrower or other parties involved in the transaction.

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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