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Simple English definitions for legal terms

shelter doctrine

Read a random definition: Uniform Commercial Code

A quick definition of shelter doctrine:

The shelter doctrine is a rule in commercial law that says if someone buys a piece of paper that promises to pay money (like a check or a promissory note) from someone who is legally allowed to sell it, then that person has the same rights as the original seller. This means that if the original seller could get the money promised on the paper, then the new buyer can too. This rule helps make it easy for people to buy and sell these kinds of papers without worrying about whether there might be problems with them later on.

A more thorough explanation:

The shelter doctrine is a principle in commercial law that states that anyone who receives commercial paper from a holder in due course, as well as any subsequent transferees, will inherit the same rights as the original holder. This means that transferees of holders in due course are generally not subject to defenses against the payment of an instrument. The doctrine ensures the free transferability of commercial paper.

The name of the doctrine comes from the idea that the transferees "take shelter" in the rights of the holder in due course. This means that they are protected by the same legal rights and defenses as the original holder.

Let's say that John is a holder in due course of a promissory note from Jane. John then transfers the note to Mary. Mary is now protected by the shelter doctrine and has the same legal rights and defenses as John. If Jane tries to raise any defenses against the payment of the note, Mary can take shelter in John's rights and is not subject to those defenses.

Another example would be if John then transfers the note to Sarah. Sarah is also protected by the shelter doctrine and has the same legal rights and defenses as John and Mary. If Jane tries to raise any defenses against the payment of the note, Sarah can take shelter in John and Mary's rights and is not subject to those defenses.

These examples illustrate how the shelter doctrine ensures the free transferability of commercial paper and protects subsequent transferees from any defenses raised against the payment of the instrument.

shelter-care hearing | shelter hearing

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
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
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