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LSDefine

Simple English definitions for legal terms

simulated sale

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A quick definition of simulated sale:

A simulated sale is when someone pretends to sell something, but no money or ownership is actually exchanged. This is usually done to try and hide the property from creditors. It's like playing pretend, but with real things.

A more thorough explanation:

A simulated sale is a type of sale where no price or consideration is paid, and there is no intention to transfer ownership. This type of sale is usually done to try to protect property from creditors. It is also known as a simulated transaction.

For example, if a person owes a large amount of money to creditors, they may try to transfer ownership of their property to a friend or family member through a simulated sale. However, since no actual transfer of ownership takes place, this type of sale is not legally valid.

Simulated sales are fraudulent and illegal. They are often used to hide assets from creditors or to avoid paying taxes. It is important to consult with a legal professional before engaging in any type of sale to ensure that it is legal and valid.

simulated judgment | simulated transaction

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ParallelAgreeableOrangutan
15:42
The waitlist email was signed by... not the individual who sent it? Hope y'all's experiences are more positive than mine have been
15:48
what did they say to cover fpr him
15:56
vanderbilt today (manifesting)
ParallelAgreeableOrangutan
15:57
Me: "...I had a 20-minute admissions interview scheduled for [time], but my host, Mr. [name], has not yet joined. I have been waiting on the call and checking my email for any updates. As the scheduled time has passed, I will be stepping off the call shortly, but I wanted to reach out to inquire if there have been any changes to the schedule. Please let me know if we need to reschedule! Thank you for your time,[me]" Them: "... We are very sorry for any miscommunication and technical difficulties. Mr. [name] informed us he could see you in the waiting room, and unfortunately due to Zoom issues was unable to have you join the meeting. We are do our best to avoid these types of circumstances and sincerely apologize that you were impacted. ... Again, we are very sorry for the difficulties today." Me: "Thank you for following up. To ensure clarity: my Zoom screen showed "Please wait for the host to join the meeting" throughout my scheduled interview time, which indicates the meeting was ne
15:58
oop
ParallelAgreeableOrangutan
15:58
Sorry so long lol, I think it got cut off. Basically dude no-showed, then claimed he could see me in the waiting room but for "technical reasons" he could not let me in lol. They lied along with him
15:58
they tryna gaslight u
ParallelAgreeableOrangutan
15:58
Yupppp
ParallelAgreeableOrangutan
15:59
I was pissed that they couldn't come up with a better lie. Insult to my intelligence
ParallelAgreeableOrangutan
15:59
Just say bro had an emergency
confused by some of these nusl decisions
bruh oklahoma just recommended i retake the lsat or i get officially waitlisted
i have a 160 is it even WORTH IT
16:42
yes
16:42
every point is worth it
kms
i think they want me to take the june one in this case
above their median for everything chat i'm ending it
I applied NYU on October 8th like r give up right?
16:46
wtf
16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
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