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Simple English definitions for legal terms

equitable conversion

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A quick definition of equitable conversion:

Equitable conversion is when property changes from being real property to personal property, or vice versa, in certain situations. This happens when a contract is made to transfer property, and the buyer gets the right to the property while the seller keeps legal ownership. But the seller's interest is treated as personal property because they really want the money from the sale. Courts use equitable conversion to recognize the transfer of ownership to the buyer when the contract is signed. The buyer then gets legal ownership by following the contract.

A more thorough explanation:

Equitable conversion is a legal concept that refers to a change in the nature of property, where real property is treated as personal property, or vice versa, in certain circumstances. This change is based on the maxim that equity regards as done that which ought to be done.

For example, when a contract is made for the sale of real property, the buyer acquires equitable title to the property, and the seller retains legal title. However, the seller's interest is treated as one in personal property rather than in real property because the seller's true interest is in the proceeds (usually personal property such as cash); the legal title is security for the buyer's payment. Courts usually apply the doctrine of equitable conversion to recognize the transfer of equitable title, including the right of possession, to the buyer when the contract was signed. The buyer then acquires legal title by performing under the contract.

Another example of equitable conversion is when a person dies and leaves real property to their heirs. The property is treated as personal property until it is distributed to the heirs, at which point it becomes real property again.

Overall, equitable conversion is a legal tool used to ensure that property is treated fairly and in accordance with the intentions of the parties involved.

equitable construction | equitable defense

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BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
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