Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

dation en paiement

Read a random definition: Ganser's syndrome

A quick definition of dation en paiement:

Dation en paiement: Dation en paiement means giving something instead of money to pay off a debt. It can be a contract where the person who owes money gives something to the person they owe, who accepts it as payment. This type of payment needs court approval. It can also be used to satisfy a mortgage debt by transferring the property to the mortgage-holder when the mortgage is more than the property's value.

A more thorough explanation:

Dation en paiement is a French term that means "a giving in payment". It is a legal concept that refers to the exchange of something instead of money to satisfy a debt.

  • If a person owes money to another person, they may offer to give them a valuable item, such as a piece of jewelry or a painting, instead of paying with cash. This is an example of dation en paiement.
  • In Louisiana, dation en paiement is a contract in which the debtor gives a thing to the creditor, who accepts it in payment of a debt.
  • Dation en paiement can also be used to satisfy a mortgage debt by transferring the mortgaged property when the mortgage exceeds the property's value and the mortgage-holder is willing to accept the property in satisfaction of the debt.

These examples illustrate how dation en paiement can be used as an alternative to paying a debt with cash. It is important to note that dation en paiement requires court approval after petition and notice in Louisiana.

dation | datum

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 7 👎
Help us make LSD better!
Tell us what's important to you
JumpySubsequentDolphin
16:39
im allergic to baby cats >:(
JumpySubsequentDolphin
16:40
I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
16:43
New Father John Misty album out today
16:44
People saying it’s his best yet by far
babycat
16:45
what would I do without you renard99
awww ty wasp :)
i have 4 (baby) cats!
16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
16:48
I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
JumpySubsequentDolphin
16:51
@jackfrost11770: IM SO JEALOUS
2big2fail
16:52
perhaps peggerdine this evening
2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
babycat
16:59
schools mostly care about your undergrad GPA
umarrussell
17:07
whats a good GRE score
1a2b3c4d26z
17:07
100% chance at getting into a law school
umarrussell
17:07
i feel like you have to score fairly high to get in with GRE
LSD+ is ad-free, with DMs, discounts, case briefs & more.