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Simple English definitions for legal terms

power of revocation

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A quick definition of power of revocation:

Power of revocation refers to the ability to cancel or change a legal relationship that has been created. It is a type of authority that allows a person or organization to alter their rights, duties, liabilities, or other legal relations. This power can be reserved in an instrument such as a trust, and allows the person who holds it to revoke the legal relationship they have created.

A more thorough explanation:

The power of revocation refers to the legal right or authorization to alter, by an act of will, the rights, duties, liabilities, or other legal relations either of that person or of another. It is a power that a person reserves in an instrument (such as a trust) to revoke the legal relationship that the person has created.

For example, if a person creates a trust and reserves the power of revocation, they have the ability to change or cancel the trust at any time. This power is important because it allows the person to make changes to the trust if their circumstances or wishes change.

Another example of the power of revocation is a power of attorney. If a person grants someone else the power to act on their behalf, they may also reserve the power to revoke that authority if they no longer want that person to act on their behalf.

In summary, the power of revocation is the legal right to change or cancel a legal relationship that a person has created. It is an important power that allows people to make changes to their legal arrangements if their circumstances or wishes change.

power of alienation | power of sale

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RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
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