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Simple English definitions for legal terms

simulated sale

Read a random definition: constitutum debiti alieni

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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18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
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