Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

pres

Read a random definition: intangible drilling cost

A quick definition of pres:

Term: PRES

Definition: PRES is short for "pray" and is a legal term used in the context of the cy pres doctrine. This doctrine allows a court to reform a written instrument, such as a will or deed, with a gift to charity as closely to the donor's intention as possible, so that the gift does not fail. Essentially, if a donor's original charitable purpose cannot be fulfilled, the court will use cy pres to distribute the gift to a charity that will advance the interests of the class. This doctrine is also used to avoid violating the rule against perpetuities.

A more thorough explanation:

PRES (pray) is a term used in Law French that means "near." It is often used in the legal term cy pres, which means "as near as possible."

The cy pres doctrine is an equitable doctrine used by courts to reform a written instrument with a gift to charity as closely to the donor's intention as possible, so that the gift does not fail. This is often used when the donor's original charitable purpose cannot be fulfilled.

For example, if a donor leaves money to a charity that no longer exists, the court may use the cy pres doctrine to distribute the money to a similar charity that will advance the donor's intended interests.

In addition to its use in the cy pres doctrine, PRES can also refer to a statutory provision that allows a court to reform a will, deed, or other instrument to avoid violating the rule against perpetuities.

For example, if a will leaves property to a person who is not yet born and the will violates the rule against perpetuities, the court may use the PRES provision to reform the will and ensure that the property is distributed in accordance with the donor's intentions.

Overall, PRES is a legal term that refers to the court's ability to reform a written instrument to ensure that the donor's intentions are carried out as closely as possible.

prerogative | presale

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
20:31
Yeah, hot tub is the biggest one.
@Dkk: I feel ur pain with no responses yet
2big2fail
20:31
were you a disney channel child star
we are all going crazy
babycat
20:32
he’s bridgit mendler
2big2fail
20:32
im just waiting for pellerdine
2big2fail
20:32
peggerdine
Dkk
20:32
Crypto is booming right now and my friend is CPO of a carbon creidt company on the blockchain and the Canadian government has called him like 3 times this week and he needs help so he actually just gave me a job offer today.
i aspire to be bridgit mendler
Dkk
20:32
Nah, just security there.
wait are u actuaLLY a big crypto guy
m10
20:33
Yeah, like huge into the Cardano space. One of the runner ups for the government on Cardano.
do yall think admissions judges what job you have during ur gap year
babycat
20:34
probably
m10
20:34
My constitution that I wrote is getting submitted on the 30th and if the community likes it, then I will be the first person in the world to write a constitution for on-chain blockchain based governance.
m10
20:34
Right now it's me and two other people.
babycat
20:34
you should meet the urbit guys. they have thielbux I think
damn, i was impatient to hear back from my jobs so i was just gonna work retail but idk if admissions is high brow about that
m10
20:35
@babycat: I may have already met them. I met urbit people like 3-4 years ago. It's just hard to do their stuff.
m10
20:35
Ahh any work is good work to admissions usually.
babycat
20:36
yeah I thought she meant like a year before she applied. if you already applied it doesn’t matter all that much
m10
20:36
Personally, I have only helped launch two coins but my friends want to launch a third. Bigegst project is probably disco solaris: https://www.jpg.store/collection/moebiuspioneersdressed
ohh yeah i mean right now cuz im still waiting and i dont like being unemployed but i dont know if theyd be like she works at aerie not a finance firm ew
m10
20:37
And then, the sexy naked ones hehehehe: https://www.jpg.store/collection/moebiuspioneersnakeddiscos
babycat
20:37
@m10: I don’t like that they’re all tied to pictures of people
i also think getting a job faster will help with going crazy over admissions even if its not as "fancy"
m10
20:38
All of what? That's like the only NFT project I worked on that was moderately good @babycat
@m10: thats so cool
JumpySubsequentDolphin
20:41
hi SPLITTY I think you should get a job at aerie for the discount
babycat
20:41
what if I just want to purchase the value without owning a lady with x tape on her boobies?
LSD+ is ad-free, with DMs, discounts, case briefs & more.