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LSDefine

Simple English definitions for legal terms

market overt

Read a random definition: confidential relation

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

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16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
IrishDinosaur
13:38
I'm convinced USC doesn't really exist
IrishDinosaur
13:38
it's an elaborate hoax
i showed a guy at asd my lsd profile. little does he know that im an influencer
babycakes
16:36
u such a crazy flexer
the fellas were impressed by the r less cycle
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