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LSDefine

Simple English definitions for legal terms

equitable assignment

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A quick definition of equitable assignment:

An equitable assignment is when someone transfers their rights or property to someone else, even though it may not be legally valid. This type of assignment can be enforced in equity, which means it's recognized and upheld by a court of law. For example, if someone assigns their future earnings to pay off a debt, it may not be legally binding, but a court may still enforce it if it's deemed fair and just.

A more thorough explanation:

An equitable assignment is a transfer of rights or property from one person to another, which may not be legally valid but is recognized and enforced in equity. This type of assignment is often used for choses in action or future acquisitions of the assignor.

For example, if John owes money to Mary, he may assign his future paycheck to her as collateral. This assignment may not be legally valid, but if John defaults on his debt, Mary can seek enforcement of the assignment in equity.

Another example is when a person assigns their right to receive an inheritance to someone else. This assignment may not be legally valid, but if the assignor dies and the inheritance is received, the assignee can seek enforcement of the assignment in equity.

Overall, an equitable assignment is a transfer of rights or property that may not be legally valid but is recognized and enforced in equity.

equitable asset | equitable-benefit doctrine

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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]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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