Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

market overt

Read a random definition: future consideration

A quick definition of market overt:

Market overt is a place where people buy and sell things. It can be a physical place like a farmers' market or a virtual place like an online store. In market overt, buyers can get good title to products even if the seller has defects in their title. This means that buyers can legally own the products they buy.

A more thorough explanation:

Market overt is a legally regulated public market where buyers can acquire good title to products regardless of any defects in the seller's title. This means that if you buy something at a market overt, you own it even if the seller didn't have the right to sell it.

For example, if you buy a watch at a market overt and later find out that it was stolen, you still own the watch and the original owner cannot take it back from you.

Another example is if you buy a car at a market overt and later find out that there is a lien on it, you still own the car and the lien holder cannot repossess it from you.

Market overt is different from a private sale, where the buyer has to make sure that the seller has the right to sell the product before buying it.

market-out clause | market-participant doctrine

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
14:38
I'm too drunk to taste this chicken
Dkk
14:38
Lol, I suck I guess. @babycat
14:40
suck what? (:
Dkk
14:42
suck at predicting
14:43
boooooo
1a2b3c4d26z
14:45
hi guys
1a2b3c4d26z
14:45
how is everyone doing this fine friday
1a2b3c4d26z
14:46
Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)
1a2b3c4d26z
14:46
What is everyone else doing tonight
1a2b3c4d26z
14:47
Besides YM of course
14:47
Yoooo I’m a lifter too
14:47
I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:
babycat
14:48
renard what are you drinking?
LSD+ is ad-free, with DMs, discounts, case briefs & more.