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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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windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
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]
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