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LSDefine

Simple English definitions for legal terms

Revocation

Read a random definition: natural

A quick definition of Revocation:

Revocation: Revocation means canceling or taking back something that was previously agreed upon. This can happen in different situations. For example, if someone offers to sell you something but changes their mind before you accept, they can revoke the offer. If you buy something that doesn't work properly, you can revoke your acceptance and return the item. In the case of wills and trusts, revocation means invalidating or terminating a legal document that was previously created.

A more thorough explanation:

Revocation is when a statement or agreement is cancelled or annulled. This can happen in different contexts:

In contracts, revocation can refer to the offeror cancelling an offer before it is accepted. For example, if someone offers to sell you a car for $10,000, but then changes their mind and takes back the offer before you say you want to buy it, that's revocation. Another example is when a buyer rejects goods that don't meet the contract specifications, such as if they ordered a red car but got a blue one instead.

In wills, revocation means that the testator (the person making the will) invalidates a previous will by making a new one or modifying an existing one. For example, if someone writes a will leaving all their money to their spouse, but then later writes a new will leaving everything to their children, the first will is revoked.

In trusts, revocation refers to the settlor (the person creating the trust) terminating a revocable trust or revocable living trust. This means that they cancel the trust and take back any assets that were in it.

Overall, revocation means that something that was agreed upon or established is cancelled or taken back.

Revocable Trust | Revocation of Will by Act

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windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
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