19:12
My crypto also flows in 5 day epochs too.
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Simple English definitions for legal terms
omission
Read a random definition: clandestine marriage
A quick definition of omission:
Definition: Omission means not doing something or not telling something important. It can be used in different situations. For example, in criminal law, not saying who made a recording or who sang on it can be an omission. In property tax law, not giving enough copies of a petition can be an omission. Omission is often used in fraud cases, where not telling an important fact can make someone responsible for the fraud.
A more thorough explanation:
Omission means not doing something or not telling something that you should have done or told. For example, if you don't tell the truth about something important, that's an omission.
- In criminal law, if you don't say who made a recording, that's an omission.
- In property tax law, if you don't give the court all the copies of a petition, that's an omission.
- In securities fraud, if you don't tell investors about an important fact, that's an omission. For example, if a company doesn't tell investors that a big part of their revenue comes from one subsidiary, that's an omission.
These examples show how omission can happen in different areas of law. In each case, someone is not doing something they should have done, and that can have consequences.