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LSDefine

Simple English definitions for legal terms

dation en paiement

Read a random definition: distributive finding

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

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
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
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