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LSDefine

Simple English definitions for legal terms

fraudulent sale

Read a random definition: cybercrime

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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Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
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.
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