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Simple English definitions for legal terms

fraudulent sale

Read a random definition: self-stultification

A quick definition of fraudulent sale:

A fraudulent sale is when someone sells something to trick others and cheat them out of their money. It's like lying to someone to get them to buy something that isn't real or worth what they paid for it. This is not allowed and is against the law.

A more thorough explanation:

Definition: A sale made to defraud the seller's creditors by converting into cash property that should be used to satisfy the creditors' claims.

Example: John owes $10,000 to his creditors. He sells his car to his friend for $1,000, even though the car is worth $5,000. John's friend is aware of the situation and agrees to help John hide the car from his creditors. This is a fraudulent sale.

Explanation: In this example, John is trying to hide his assets from his creditors by selling his car for much less than its actual value. This is illegal and unethical because it deprives John's creditors of the money they are owed. John's friend is also participating in the fraud by helping him hide the car. This type of sale is not allowed by law and can result in legal consequences for both parties involved.

fraudulent representation | fraus

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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