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Simple English definitions for legal terms

general assignment

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A quick definition of general assignment:

General assignment refers to the transfer of rights or property from one person to another. It can be an absolute assignment where the assignor has no interest in the assigned property or a conditional assignment where the assigned income is given to a lender as collateral security for a loan. A general assignment can also refer to a debtor's property being assigned for the benefit of all the assignor's creditors. It can also mean a task or job given to someone. In parliamentary law, it refers to the process of recognizing who is entitled to speak.

A more thorough explanation:

General assignment refers to the transfer of rights or property from one person to another. It can also refer to the instrument used to effect the transfer. Here are some examples:

  • An aunt assigns funds to her niece, who invests them in mutual funds.
  • A person receives a cheque in good faith and obtains a good title, even if the cheque was stolen.
  • An absolute assignment leaves the assignor with no interest in the assigned property or right.
  • An assignment for value is given in exchange for consideration.
  • A general assignment is when a debtor assigns their property for the benefit of all their creditors, instead of just a few.
  • A wage assignment is when an employee assigns a portion of their pay to a creditor.
  • The assignment of various duties is the act of assigning tasks, jobs, or appointments.

These examples illustrate how general assignment can be used in different contexts, such as finance, law, and employment. It is important to understand the specific type of assignment being used and the legal implications of the transfer of rights or property.

general assembly | general assumpsit

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i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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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
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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
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JumpySubsequentDolphin
21:35
he has since moved
22:12
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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
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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