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Simple English definitions for legal terms

fungible things

Read a random definition: forum rei

A quick definition of fungible things:

Fungible things are items that can be easily replaced with another item that is practically the same. This means that if something is lost or damaged, it can be replaced with something that is very similar. Examples of fungible things include wood or paper currency. When something is fungible, it is easy to calculate how much it would cost to replace it. However, if something is not fungible, like a house, it is much harder to replace it exactly as it was before.

A more thorough explanation:

Fungible things are items that can be easily replaced with another item that is practically the same. This means that if one item is lost or destroyed, it can be replaced with another item that is identical in value and quality. Examples of fungible things include wood, paper currency, and oil.

When it comes to legal matters, whether or not an item is fungible can impact how damages will be calculated for breaches of contract or the destruction of an item. For example, if a window is broken, it is easy to calculate how much it would cost to replace it with a new one. However, if an entire house is destroyed, a judge cannot simply order someone to replace the house in its entirety as it originally was.

Overall, fungible things are important to consider in legal matters because they can impact how damages are calculated and what can be done to remedy a situation.

funding a trust | Furman v. Georgia (1972)

General

General chat about the legal profession.

General >T14 Off Topic

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YLSstan2027

19:57

for sure, Im just nervous since Im in a difficult major at a difficult school that I dont have the chops to succeed at Law School

GodsPlanUltimately

19:59

That's a silly thought my friend. Negativity will do you in before you even give yourself a chance at succeeding. Know that you have already made your way through difficult schooling and a major like you said. Ultimately, you are not proving your worth in your law school applicants -- you are making them want to prove themselves to you. :) It is completely natural to be nervous as few of us have done law school before - just like in any new experience!

YLSstan2027

20:01

could you elaborate on this point, "Ultimately, you are not proving your worth in your law school applicants--you are making them want to prove themselves to you?"

GodsPlanUltimately

20:04

I like to think of approaching law school similar to how I approached undergraduate. The school I attend is the one I really wanted to get into and I could not allow my negative thoughts to sway me into thinking I was not worthy of going there. By changing my mindset of feeling like I had to prove myself worthy, I transitioned into a headspace where I focused on making myself look so good (through authenticity and humility in my application) that the school would regret not having me. It is the same I have down with my law school application, I have to think to myself "How would I feel as an admission officer reading this? How badly would I regret not taking the chance on this student?". I found that my emphasizing my authentic qualities and looking at myself as more then my gpa/LSAt

GodsPlanUltimately

20:05

I could approach the application cycle with a stable confidence due to being proud of myself and my accomplishments. It would be the school's loss not me is what I thought to myself.

GodsPlanUltimately

20:05

And I mean this in a very genuine way not in like a "I'm better then anyone else" :D

YLSstan2027

20:06

nah nah you're good

YLSstan2027

20:06

Im not applying this cycle, Im planning to apply in 2-3 years

GodsPlanUltimately

20:07

My school has like an early applicant process so I'm applying as a junior lol. It's good to be passionate especially if this is what you really want so do not downgrade your worth. You are just as "worthy" of the law school you want to go to just as any other applicant. If you stress too early you will burnout.

YLSstan2027

20:08

I started pretty late with this Law School stuff and seriously looking at it. I originally wanted to do something else until last semester when I realized that Im prolly not going to achieve my other dream and I knew I liked Law School so I just took the plunge

YLSstan2027

20:08

also Im a Fourth Year lmao

GodsPlanUltimately

20:08

Whoops sorry lol. I completely misunderstood that. How embarrassing.

YLSstan2027

20:09

nah youre good

YLSstan2027

20:09

I never stated it

GodsPlanUltimately

20:10

Honestly though, as long as your hearts in it I don't think it matters how late you started looking into law school. It's the quality and readiness of the application that matters most :D But hopefully you are not fully closing the door on. your original dream just because it may be taking a different route :3

YLSstan2027

20:11

I'm not dont worry, this kinda aligns with that too, idk I just got lucky in building the skillset I built up to where Im able to serve a specific niche in legal research

GodsPlanUltimately

20:11

That's really awesome!

GodsPlanUltimately

20:11

Right place right time

YLSstan2027

20:12

yeah possibly the case lol

YLSstan2027

20:12

I'm hoping there are research positions post grad at Law Schools I could take

GodsPlanUltimately

20:13

I feel like academia is always looking to rope people in for those positions. I'm sure there will be something! I get the nerves though of stressing out over the cycle or prep.

YLSstan2027

20:14

yeah, they exist but the quantity is the problem

YLSstan2027

20:15

thus far I know only SLS and HLS have programs but Id love to cast a wider net with the other T-14 schools (including my soon-to-be alma mater)

GodsPlanUltimately

20:17

Good luck in your search seriously though! Did you look at the Georgetown Law Fellowships or The Public Interest Law Center Fellowships or American Society of International Law Fellowships? I know they are not all law schools and most likely competitive but I've heard good things. I think Michigan Law School also has a postgraduate fellowship as well as the Global Lawyering Initiative at University of ND. Perhaps you have already seen them though.

YLSstan2027

20:46

no, I havent seen any of those actually

YLSstan2027

20:46

Ive been primarily focused on Economics positions and/or Law and Economics positions

YLSstan2027

20:47

I know Im gunning for a Clerkship so my goal is to build into that type of work

YLSstan2027

20:50

also these require a JD

ChowieBean

21:11

good evening friends

GodsPlanUltimately

21:20

Ah more law school post graduate then. Makes sense! Happy hunting for positions!

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