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Simple English definitions for legal terms

close-connectedness doctrine

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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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Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
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I shop at Joe
HopefullyInLawSchool
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Joe's
glovediedthisishismom
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i shop at tawget
glovediedthisishismom
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im dawk gawthic maga
triplethread
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i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
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let it rock
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