11:18
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
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LSDefine
Simple English definitions for legal terms
maker
Read a random definition: Government Printing Office
A quick definition of maker:
A maker is someone who creates, signs, or endorses something that makes them responsible for it. For example, if you sign a check, you are the maker and responsible for paying the money. In securities law, a maker is someone who has the ultimate authority over a statement and is responsible for its content and communication.
A more thorough explanation:
A “maker” is someone who creates, constructs, carries out, or authorizes something. In legal terms, the term “maker” can refer to:
- Check or Promissory Note: The person who signs a check or promissory note, making them responsible for payment.
- Endorser: The person who endorses a check or note to another person before it is delivered, making them obligated to pay until it is delivered.
- Securities Law: A corporate officer or director who has ultimate authority over a statement, including its content and how it is communicated, may be considered the “maker” of the statement and held responsible for any violations of anti-fraud provisions of federal securities laws.
For example, if John signs a check to pay for his rent, he is the maker of the check and responsible for ensuring that the payment is made. If Sarah endorses a check to her friend before delivering it, she becomes the maker of the check and responsible for payment until it is delivered. In securities law, if a CEO of a company makes a false statement about the company's financial status, they may be considered the maker of the statement and held responsible for any resulting violations.