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Simple English definitions for legal terms

naked deposit

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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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1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
21:07
okay I’ll check them out
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