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Simple English definitions for legal terms

implied partnership

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A quick definition of implied partnership:

An implied partnership is when two or more people work together to make money, but they never officially agreed to be partners. This can happen when they act like partners and other people believe they are partners. If someone relies on this belief and gives the partnership credit, the people involved can be held responsible for paying back the credit.

A more thorough explanation:

An implied partnership is a type of partnership that is created by law when one or more individuals represent themselves as partners to a third party who relies on that representation. This type of partnership is also known as a partnership by estoppel.

For example, if two individuals operate a business together and one of them introduces the other as a partner to a customer, the customer may assume that they are both partners. If the customer extends credit to the business based on this assumption, the individual who was introduced as a partner may be held liable for the debt, even if they were not actually a partner.

Another example of an implied partnership is when a group of individuals work together on a project and share the profits. Even if they did not formally agree to create a partnership, their actions may be interpreted as creating an implied partnership.

implied obligation | implied permission

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starfishies
18:44
ill never pass up the opportunity
starfishies
18:44
guys W&L would’ve been my vibes pick
starfishies
18:45
Lexington = lock-in-ton
starfishies
18:45
get that gpa get that job get that money get out
that's the goallllll
also their Big Law % is High and places a ton in NYC and DC so like if u want NYC/DC then....
My cycle is officially OVER
we done, boysssss
[] c0bra1
20:04
@IrishDinosaur: congrats
21:01
@IrishDinosaur: AWESOME!
21:02
Curious on W&L if anyone can share their insights. lock-in-ton seems quite attractive as someone from BFE.
starfishies
21:30
they should sponsor me
21:50
@IrishDinosaur: upenn or money?
upenn son or ucla daughter?
MeowPossibilities
22:58
guys if a scholarshpi tab randomly popped up on status checker does that mean nothing or
Butt-Breaker-9
23:43
@windyMagician: UCLA daughter. 100%.
do law schools care about course rigor?
@AcceptableSourGerbil: not really. It's a soft at best. Sadly, LSAC GPA and LSAT are by far the biggest gatekeepers
@AcceptableSourGerbil: you have solid stats though, you should be very proud!
Based on my experience, I don't think most schools care too much about course rigor unfortunately. It might push you over the edge to an A, but it won't get your foot in the door.
babycakes
8:23
guys 4 PM today is gonna be the biggest one yet
babycakes
8:23
None of you are ready for this
Mostlylegal
8:31
4 pm is bout to be a greek tragedy
legallybrunettelily
8:36
question for the group
legallybrunettelily
8:36
i went complete early jan for loyola chicago and submitted a LOCI already for my application, should i call and ask about my application or nah
legallybrunettelily
8:37
and i dont wanna hear nothing about sending an loci before decision i had new information to add
starfishies
8:41
there's still a lot of ppl with that timeline waiting for a decision at loyola so your situation doesn't seem to be an anomaly. i feel like if that's the case an email isn't really necessary unless there's some other circumstances
starfishies
8:41
*sorry a call i meant
legallybrunettelily
8:41
ok thats what i was thinking because like also what are they even gonna tell me
starfishies
8:42
you could call like anonymously and ask just for hahas but i think you'd just get a generic answer
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