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LSDefine

Simple English definitions for legal terms

loan for consumption

Read a random definition: Privilege against self-incrimination

A quick definition of loan for consumption:

A loan for consumption is when someone borrows something from someone else to use or consume, with the agreement that they will return something of the same type, quantity, and quality. For example, if someone borrows a book from a friend, they are expected to return the same book in the same condition.

A more thorough explanation:

A loan for consumption is an agreement between a lender and a borrower where the lender provides goods to the borrower for consumption. The borrower is obligated to return goods of the same quantity, type, and quality to the lender.

Example 1: John borrows a bag of rice from his neighbor. He consumes the rice and is obligated to return the same quantity, type, and quality of rice to his neighbor.

Example 2: Sarah borrows a dress from her friend for a party. She wears the dress and returns the same dress to her friend after the party.

These examples illustrate the concept of a loan for consumption. In both cases, the borrower receives goods from the lender for consumption and is obligated to return the same goods to the lender. This type of loan is different from a loan for use, where the borrower is allowed to use the goods but not consume them.

loaned servant | loan for exchange

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General

General chat about the legal profession.
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dkk never expect me to be sane pleease
i think w usc it fr might be like. 9pm est
berk is notorious for making calls at like 10pm est lol
also r we still hoping for duke lol
Dkk
16:32
Lol, the only day I have been counting on is tomorrow. The day right before thanksgiving.
oh really why? i assumed they would be off
recentboo
16:36
just noticed UR2 at upenn
Dkk
16:37
@SplitterusClitterus: Maybe. They might be off. I just think they will throw em all out there last minute.
JumpySubsequentDolphin
16:38
umich law admissions office is only closed Thurs and Fri
please Mich, smile upon me tomorrow morning
JumpySubsequentDolphin
16:44
woah stat twin
initiallaw
16:46
Gulc A on Reddit?
WorthlessAttractiveZombie
16:48
I saw that, but I am skeptical
i give up with georgetown truly
WorthlessAttractiveZombie
16:48
normally, we woulds see a wave on LSD
whatever at this point
initiallaw
16:49
Yeah waiting on LSD wave
i'm just manifesting usc and duke tmrw
initiallaw
16:49
before declaring that I’ve missed yet another wave :(
well call them they may have lost your application like they did mine :3
WorthlessAttractiveZombie
16:49
I feel majorly disrespected by GULC
Dkk
16:50
In my dream just now, I dreamt about moving back into my apartment at UCLA so I don't think they are done this week. UCLA likes to trickle and then send a big wave. Good or bad, big wave tomorrow.
initiallaw
16:50
If I get through their first R/WL wave then I’ll prob call them
initiallaw
16:50
Cause rn I’m just thinking it’ll be a R/WL
1a2b3c4d26z
16:50
Feel like this USC wave has gotta be at 5 ET
1a2b3c4d26z
16:50
Don't ask why
DelusionalAspirationalLion
16:51
i keep seeing UCLA sweatshirts on the subway in NYC and keep thinking it's a sign i'll finally hear today but nothing:((
i think usc will be late
like 7-8 or so
dkk thank u fpor feeding into my delusions of waves this week BIG WAVE TMW UCLAA
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