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Simple English definitions for legal terms

floor-plan rule

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A quick definition of floor-plan rule:

Floor-Plan Rule: If you put your car up for sale in a dealership, you can't later say that you didn't sell it if the dealership sells it to someone else who didn't know it wasn't yours to sell.

A more thorough explanation:

Definition: The floor-plan rule is a principle that states that if a vehicle owner puts their vehicle up for sale in a retail dealer's showroom, they cannot deny the title of an innocent purchaser who buys the vehicle from the dealer in the normal course of retail business.

For example, let's say John owns a car dealership and he buys a car from Jane to sell in his showroom. John pays Jane for the car and puts it up for sale. A few days later, Sarah comes into the dealership and buys the car from John. Later, Jane tries to claim that she still owns the car and wants it back. However, because of the floor-plan rule, Jane cannot deny Sarah's ownership of the car because Sarah bought it from John in the normal course of retail business.

The floor-plan rule is designed to protect innocent purchasers who buy vehicles from dealerships. It ensures that if a vehicle is put up for sale in a dealership, the owner cannot later claim that they still own the vehicle and take it back from the purchaser.

floor planning | floor price

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11:17
I think he thinks if I move to nyc we’re going to get back together
11:17
that’s not my plan tbh
jackfrost11770
11:18
this is so funny
shaquilleoatmeal
11:19
lmao damn wish id be classmates with this dude
shaquilleoatmeal
11:20
@cheriebomb: you never know what the future holds
jackfrost11770
11:20
also cherie fallen soldier
jackfrost11770
11:20
i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds
11:20
i don’t fw him that heavy tbh
11:21
i get along better with his friends than i do with him
windyMagician
11:21
nah the hiking in Nike blazers deserves jail time
11:21
he was already vomiting and shitting in a hole I think he did his penance
windyMagician
11:26
call that restorative justice
11:35
they put a place in the UK second. I don’t trust their methodology
shaquilleoatmeal
11:35
im laughin cause it definitely isnt but the fact that some people this it is is comical
shaquilleoatmeal
11:35
tink*
shaquilleoatmeal
11:35
think jee
shaquilleoatmeal
11:35
jeez - im over it
11:37
imagine saying you want to go to boston for christmas 💀
shaquilleoatmeal
11:40
imagine you not wanting to go what lmao
13:55
not impressed by the fact that they have a park and some buildings. who doesn't
soap
15:04
Manifesting a GPA boost with the end of this semester
CynicalOops
15:13
Colorado mentioned
CynicalOops
15:18
Wait does boston have one of those long ice rinks
CynicalOops
15:18
Those are fun
15:23
what if I started flexing again
15:24
that might be too much
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