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Simple English definitions for legal terms

consolidation

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A quick definition of consolidation:

Consolidation means bringing things together to make them one. This can happen in different ways. For example, in law, consolidation can mean combining different laws into one. In court, consolidation can mean combining two or more cases into one. In business, consolidation can mean merging two or more companies into one. The goal of consolidation is to make things simpler and more efficient.

A more thorough explanation:

Definition: Consolidation refers to the act or process of uniting or combining two or more things into one. It can refer to various contexts such as legislation, civil procedure, bankruptcy, and corporations.

  • Legislation: Consolidation of legislative provisions involves combining various laws that were previously scattered in different statutes into a single statutory measure. For example, a government may consolidate all the laws related to taxation into one comprehensive tax code.
  • Civil procedure: Consolidation of actions refers to the court-ordered unification of two or more legal cases involving the same parties and issues into a single action resulting in a single judgment or separate judgments. For instance, if two people file separate lawsuits against the same defendant for the same incident, the court may consolidate the cases to avoid duplicative proceedings.
  • Bankruptcy: Substantive consolidation involves merging two or more bankruptcy cases, usually pending against the same debtor or related debtors, into one estate for purposes of distributing the assets. This results in the two estates sharing assets and liabilities, and in the extinguishment of duplicate claims and claims between the debtors. For example, if two companies file for bankruptcy, and they are related, the court may consolidate their cases to avoid inefficiencies and ensure a fair distribution of assets.
  • Corporations: Consolidation of corporations refers to the unification of two or more companies by dissolving the existing ones and creating a single new corporation. This can be done through a merger or acquisition. For instance, if two companies in the same industry merge, they can consolidate their operations to reduce costs, increase efficiency, and gain a competitive advantage.

These examples illustrate how consolidation can be used in different contexts to achieve various goals such as simplification, efficiency, fairness, and growth.

consolidating statute | consolidation loan

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16:14
Justice as Fairness!
16:14
also wow I didn’t consider that about immigration policy. hmmm
16:17
@Law-Guy: you get it
16:19
@baddestbunny: oh yeah definitly. Idk how any system of government would work if you can't distribute social goods to everyone.
MildChiller
16:33
does anyone know if the Yale webinars are cameras on?
1a2b3c4d26z
16:35
Justice as deez!
17:49
Quentin Tarantino is interested in watching somebody’s ear getting cut off; David Lynch is interested in the ear.
18:03
Quentin Tarantino can't resist putting a gay scene with a black guy participating in the gay act in his movies.
18:05
David Lynch is just gay.
18:18
Lynch is more in touch with his unconscious/dream state than the average person
18:42
Probably. I just dont know. All I know is he did a good job with Dune.
18:45
You should watch Blue Velvet
18:46
How’s your LSAT studying been going?
18:49
It is good. I have about two more weeks and I broke the 90 level on LSAT Demon which is good last night. My goal is 95 so I can probably get it before I test. It is scaled our of 100. This is for LR. My RC is below that but I know the more I get better at MBT questions the better my RC becomes.
18:50
I watched the trailer for that movie. The run time is 2 hours. May watch it on 2x the speed. Just watched se7en and thats like as graphic as I get so I kinda need a break from weird bodyhorror stuff. The sloth guy in that movie scared me.
18:51
I do like psychological horror though.
18:53
Oh jesus don’t watch the movie at all if you’re gonna watch it on 2x speed
18:54
I have never used lsat demon; how do their levels relate to actual lsat scoring?
18:56
kinda go in 20 point intervals. 20 points if you have mastered lvl 1 difficulty questions, 100 points if you have mastered lvl 5.
18:56
Getting 100 points is incredibly difficult though. anything baout 95 is pushing the 175-180 range. 90-95 is like 170-174 or so. etc.
18:56
yeah but if you’re getting a 95 on all sections what LSAT score is that? how is that calculated?
18:56
oh okay
18:57
so 100 would be a 180?
18:57
Yeah, 100 is like you would get a 180 and there's nothing more to teach you. I have only seen someone with a 100 like 2/3 times.
18:57
are you taking practice tests that are being scored though?
18:57
or just drills
18:57
Yep, they get factored into it.
18:58
I do drilling essentially every day. A timed section every 3, and a test every 2 weeks.
1a2b3c4d26z
20:06
re: WashU's URM lsat differential - fair to chalk that up to LSAT redaction weirdness messing w the scale or are they generally starved for URMs
1a2b3c4d26z
20:07
And an (albeit negligible) inverse URM GPA differential
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