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Simple English definitions for legal terms

simple-contract debt

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A quick definition of simple-contract debt:

Simple-contract debt is a type of debt that is not recorded or sealed, and can be either written or spoken. It is an agreement between two parties where one owes the other a specific amount of money. This type of debt is different from other types of debt, such as secured debt, which is backed by collateral, or debt of record, which is evidenced by a court record. Simple-contract debt can be created by any type of agreement, whether it is written or verbal.

A more thorough explanation:

Simple-contract debt is a type of debt that is either oral or written but is not of record and not under seal. It refers to a liability on a claim, a specific sum of money due by agreement or otherwise.

Examples of simple-contract debt include:

A loan between friends that is not documented
A credit card debt that is not secured by collateral
An agreement to pay for services rendered

These examples illustrate how simple-contract debt can arise from informal agreements between individuals or entities. Unlike debts of record or debts by special contract, simple-contract debts are not backed by a formal legal document.

simple average | simple interest

General

General chat about the legal profession.

General >T14 Off Topic

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windyMagician

11:09

shaq hows ur love life going? any updates?

shaquilleoatmeal

11:14

damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol

cheriebomb

11:14

i made out with my ex in a stairwell the other day if you care. my only update

shaquilleoatmeal

11:14

oof

shaquilleoatmeal

11:14

twitter ex or a different ex

cheriebomb

11:15

different ex

windyMagician

11:15

since its not Twitter dude I'll forgive it

shaquilleoatmeal

11:17

at least you did that before the new year, cant carry that baggage in 25

cheriebomb

11:17

I think he thinks if I move to nyc we’re going to get back together

cheriebomb

11:17

that’s not my plan tbh

jackfrost11770

11:18

https://www.reddit.com/r/lawschooladmissions/comments/1hk0qlh/insane_admissions_story/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

jackfrost11770

11:18

this is so funny

shaquilleoatmeal

11:19

lmao damn wish id be classmates with this dude

shaquilleoatmeal

11:20

@cheriebomb: you never know what the future holds

jackfrost11770

11:20

also cherie fallen soldier

jackfrost11770

11:20

i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds

cheriebomb

11:20

i don’t fw him that heavy tbh

cheriebomb

11:21

i get along better with his friends than i do with him

windyMagician

11:21

nah the hiking in Nike blazers deserves jail time

cheriebomb

11:21

he was already vomiting and shitting in a hole I think he did his penance

windyMagician

11:26

call that restorative justice

shaquilleoatmeal

11:34

@cheriebomb: https://www.boston.com/travel/travel/2024/12/20/boston-was-just-named-the-most-beautiful-winter-city-in-the-world/

cheriebomb

11:35

they put a place in the UK second. I don’t trust their methodology

shaquilleoatmeal

11:35

im laughin cause it definitely isnt but the fact that some people this it is is comical

shaquilleoatmeal

11:35

tink*

shaquilleoatmeal

11:35

think jee

shaquilleoatmeal

11:35

jeez - im over it

cheriebomb

11:37

imagine saying you want to go to boston for christmas 💀

shaquilleoatmeal

11:40

https://www.instagram.com/backbayboston/p/DD13nN_RM3g/

shaquilleoatmeal

11:40

imagine you not wanting to go what lmao

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