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Simple English definitions for legal terms

naked deposit

Read a random definition: common-bond doctrine

A quick definition of naked deposit:

Term: Naked Deposit

Definition: A naked deposit is when someone gives something to another person without any agreement or expectation of getting it back. It's like giving a gift without any strings attached. This can also be called a gratuitous bailment.

A more thorough explanation:

A naked deposit is a type of bailment where the depositor gives possession of an item to the bailee without receiving anything in return. This means that the bailee has no obligation to take care of the item or return it to the depositor.

For example, if you leave your bike in a public park without asking anyone to watch it, that is a naked deposit. You have given possession of the bike to whoever finds it, but you have not received anything in return and the finder has no obligation to take care of it or return it to you.

Another example of a naked deposit is leaving money in a public place without asking anyone to hold onto it for you. The person who finds the money has no obligation to return it to you because you did not make any agreement with them.

These examples illustrate the definition of a naked deposit because in both cases, the depositor has given possession of an item without receiving anything in return and without making any agreement with the bailee for the care or return of the item.

naked debenture | naked expectancy

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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