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LSDefine

Simple English definitions for legal terms

conditional sale

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A quick definition of conditional sale:

A conditional sale is when someone buys something but doesn't own it until they meet a certain condition, like paying the full price. They can use the thing they bought, but the seller still owns it until the condition is met.

A more thorough explanation:

A conditional sale is a type of transaction where the buyer is given the right to use certain goods, but the ownership or title of the goods remains with the seller until a specific condition is met. This condition is usually the full payment of the purchase price by the buyer.

One example of a conditional sale is when a person buys a car on installment. The buyer is allowed to use the car, but the ownership of the car remains with the seller until the buyer has fully paid for the car. If the buyer fails to make the payments, the seller can repossess the car.

Another example is when a person buys a house on a mortgage. The buyer is allowed to live in the house, but the ownership of the house remains with the bank until the buyer has fully paid for the house. If the buyer fails to make the mortgage payments, the bank can foreclose on the house.

These examples illustrate how a conditional sale works. The buyer is given possession and use of the goods, but the ownership remains with the seller until the buyer has fulfilled the condition of full payment. This protects the seller's interest in the goods and ensures that the buyer fulfills their obligation to pay for the goods.

conditional resident | conditional SSI payments

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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