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Simple English definitions for legal terms

part payment

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A quick definition of part payment:

Part Payment: When someone owes money to another person, they may not be able to pay the full amount at once. In this case, they can make a part payment, which means they give some money or something valuable to the person they owe, but it is not the full amount. The person who is owed the money can choose to accept this part payment as a partial payment towards the debt.

A more thorough explanation:

Definition: Part payment refers to the delivery of money or some other valuable thing by a buyer to a seller, which is accepted by the seller as partial or full discharge of the obligation.

For example, if a buyer owes $100 to a seller, but can only pay $50 at the moment, the seller may accept the $50 as part payment and consider the debt partially discharged.

Part payment is a common practice in business transactions, especially when the buyer is unable to pay the full amount owed at once. It allows the buyer to make partial payments and the seller to receive some payment instead of waiting for the full amount.

partner's lien | part performance

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

Trismegistus

11:43

im starting to tweak

Trismegistus

11:44

i can't bully shaq, fellow boston resident

TreponemaPallidum

11:44

Penne Penne Penn?

whenpigsfly

11:44

omg penn

shaquilleoatmeal

11:44

@Trismegistus: real one

Trismegistus

11:44

thats only one person tho

Mostlylegal

11:45

MASSIVE penn wave

Trismegistus

11:45

does penn call or portal?

lilypadfrog

11:46

@Trismegistus: twin when did you apply? I applied in mid nov

cumsock

11:47

35% spike in applicants this cycle what the fuckkkkk

Mostlylegal

11:47

i applied 5 days ago, should i be worried i missed this wave

Trismegistus

11:47

all my apps are oct- to mid nov, except nyu which was dec

Trismegistus

11:47

penn was oct

PuppyBot

11:47

why does everyone want to be a lawyer

PuppyBot

11:47

jacking my style all of a sudden

cumsock

11:49

"But I also want to end on this note. Don't be afraid of being wrong. And what I mean by that is, being wrong about a school. I applied to Princeton coming out of high school and didn't get in. I ended up going to Vanderbilt. I could never see myself having gone anywhere but Vanderbilt." -Spivey

cumsock

11:49

this type of advice makes me so pissed like brotha

Trismegistus

11:50

why

whenpigsfly

11:51

omg another penn

whenpigsfly

11:51

its happening

BulbasaurNoLikeCardio

11:51

@shaquilleoatmeal: I am now 31 and in group chats with people in their 50s and in their early 20s, as long as it isn't something weird being in the meme chat is chill

Trismegistus

11:51

are people fucking with me or what

siroracle

11:51

The crux of the advice is apply to worse schools and take what ya get

Trismegistus

11:52

does penn call or update to portal/ email?

cumsock

11:52

@Trismegistus: cus how does not getting into the best school in the country and "settling" for one of the most prestigious schools in vandy help anyone realistically

SickToughBulldog

11:52

@Trismegistus: ^^^^

whenpigsfly

11:52

p sure they call

cumsock

11:52

ig it only helps people who are ab to jump off a bridge if they dont get into YLS

Trismegistus

11:53

@cumsock: yeah, im not sure really, i think it's just that, life is what you make it, peace with your fate once it happens? idk, i agree with you though

HopefullyInLawSchool

11:53

Another day another dollar

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