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LSDefine

Simple English definitions for legal terms

mutual account

Read a random definition: ethnic profiling

A quick definition of mutual account:

A mutual account is a type of account that shows transactions between two parties, where both parties owe each other money. It's like a running tally of what each person owes the other. For example, if you borrow $10 from your friend and then lend them $5, you would have a mutual account with a balance of $5 that you owe them. It's important to keep track of mutual accounts to make sure everyone is paid back what they are owed.

A more thorough explanation:

Definition: A mutual account is an account that shows mutual transactions between parties, such as debits and credits on both sides of the account. It arises when there are mutual dealings, and the account is allowed to run with a view to an ultimate adjustment of the balance. Each party to a mutual account occupies both a debtor and creditor relation with regard to the other party.

Example: A mutual account can be created between two business partners who have mutual dealings. For example, if one partner owes the other partner money for goods or services, and the other partner owes the first partner money for other goods or services, they can create a mutual account to keep track of their transactions. The account will show debits and credits on both sides, and the balance will be adjusted when the account is settled.

This example illustrates the definition of a mutual account because it shows how two parties can use a mutual account to keep track of their mutual transactions. The account will show the debits and credits on both sides, and the balance will be adjusted when the account is settled.

mutiny | mutual affray

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Yeah because I mean I could talk about my religious background but I feel like it may just fall flat since I've done two options on personal experience and I dont' have any other work experience that relates to it. I just don't want it to harm me that I didn't tell them as much about my self as I could with all the statements but I'm just not sure it'll sound authentic -- even if I am passionate about my faith. So I'm heavily leaning to skip it.
i think if you only briefly mention it in your personal statement and you really talk about things like how it influences your woldview for example or how it shapes your future plans and why you want to go into law (if that's not something you talk about in your PS) that's a very solid DS
That's true. I think I should a least write a draft then to see how I feel about it. :3
if it adds to who you are as a person and why you're motivated to purse things then it's something that is valuable for adcomms to know and it comes off as genuine because it is
Honestly I wouldn't stress too hard about essays. Most essays exist purely to determine whether or not you can write, so unless you're the 1% who writes the greatest essay they've ever seen, or the 1% who writes the worst essay they've ever seen, it is not going to be the deciding factor except in the most niche of tiebreaker scenarios.
Okay!
Which is not to say you shouldn't put effort into them and make them as strong as possible, but don't let it keep you up at night is basically what I'm getting at
14:01
Anyone think Davis will o an R wave tomorrow?
14:01
do^
WorthlessAttractiveZombie
14:02
Honestly, it may be an R/WL wave tomorrow
WorthlessAttractiveZombie
14:02
I am not feeling great tbh
14:02
Hastings did that at the beginning of the week
HopefullyInLawSchool
14:02
Me either
Hastings did the most insane YP I've ever seen this week lol
14:03
I just cant remember if thats how Davis did it last year
WorthlessAttractiveZombie
14:03
I applied Sept 1, and people who applied after me are getting decisions so....
we thinking GULC wave today?
HopefullyInLawSchool
14:03
@Skydog1969: They might be only releasing results for YM right now
14:03
could just be that you are not an automatic yes or no, but maybe they want to look at your app more. Don't lose hope
gonna get a virtual spray bottle
14:04
true that could be it
WorthlessAttractiveZombie
14:04
@Skydog1969: yeah, I am not a California resident so I technically have no reason to be applying there
HopefullyInLawSchool
14:04
im a resident so for me even scarier
14:05
@WorthlessAttractiveZombie: My legal address says I am from NJ but I live in CA.
14:06
I have no business applying based on my stats but its where I went to undergrad
14:07
Has anyone not heard back from any schools and is pushing two months in a couple weeks?
Wait gulc wave would go crazy
1a2b3c4d26z
14:15
I love that someone went through the effort of making that post
1a2b3c4d26z
14:17
Nvm their previous posts are hilarious
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