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LSDefine

Simple English definitions for legal terms

forfeit

Read a random definition: program trading

A quick definition of forfeit:

Term: forfeit

Definition: Forfeit means losing something valuable as a punishment for breaking a rule or not doing what you were supposed to do. This can include losing money, property, or other rights without getting anything in return. There are different types of forfeitures, including ones that happen in court or as a result of breaking a contract.

A more thorough explanation:

Definition: Forfeit or forfeiture means losing a right, privilege, or property without compensation as a consequence of violating the law, breaching a legal obligation, failing to perform a contractual obligation or condition, or neglecting a legal duty. Under federal law, there are civil, criminal, and administrative forfeitures.

Example: If a person is caught driving under the influence of alcohol, they may forfeit their driver's license as a consequence of violating the law. Similarly, if a tenant fails to pay rent, they may forfeit their right to continue living in the rental property.

These examples illustrate how a person can lose a right or privilege as a result of their actions or inactions. In both cases, the individual is not compensated for their loss and must face the consequences of their behavior.

foreseeable risk | forfeiture

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General chat about the legal profession.
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cumsock
11:52
ig it only helps people who are ab to jump off a bridge if they dont get into YLS
Trismegistus
11:53
@cumsock: yeah, im not sure really, i think it's just that, life is what you make it, peace with your fate once it happens? idk, i agree with you though
HopefullyInLawSchool
11:53
Another day another dollar
@cumsock: yeah lmao guy is such a prick, my bad i had to settle for vandy
lilypadfrog
11:54
he is a terrible writer. his personal writing blog is shockingly bad
@lilypadfrog: are there flowers on your lily pad?
11:55
how was your first day of classes @knowledge
@KnowledgeableRitzyWasp: what are legit side hustles you have seen people do in LS?
lilypadfrog
11:56
LSAT tutoring
That is not an option for me lmao
lilypadfrog
11:57
@KnowledgeableRitzyWasp: yeah there are a couple thanks for asking
HopefullyInLawSchool
11:57
Guys this UPenn wave looks fake
11:57
I genuinely hate places that call because it turns things into a day-long stress instead of just being like oop I didn't get an email oh well
Trismegistus
11:58
how does it look fake
pleasepleasepleas
11:58
does Michigan call or email?
TackyProudYogurt
11:58
I have missed every A call I have received because I have a job and they all call at like 11 am
Trismegistus
11:58
what an excellent problem to have
am I being dumb to even think I have a chance at penn
should I just give up hope now
11:59
i tutored for the lsat in college lol, i went to a rich people school so the parents were happy to shell out money to a kid who didnt even have an official score yet
12:00
you have a great shot bulldog
the R's are killing any confidence I had
12:01
reddit says penn is calling, also same the umich r that early was disheartening
wonder what cornblatt is doing rn
lilypadfrog
12:01
stroking it
PuppyBot
12:01
lmaooo
i knew those group interviews existed for nefarious purposes
jackfrost11770
12:03
Oh I'm straight up not getting decisions until March am I
jackfrost11770
12:03
Awesome
me too
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