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LSDefine

Simple English definitions for legal terms

single-name paper

Read a random definition: lemon law

A quick definition of single-name paper:

A single-name paper is a type of document that is signed by only one person and does not have anyone else guaranteeing it. It is a legal agreement that can be bought and sold, and the person who signs it is responsible for paying back any money owed.

A more thorough explanation:

A single-name paper is a type of negotiable instrument that is signed by only one person or entity, and is not guaranteed by a third party. This means that the maker of the instrument is solely responsible for its payment.

For example, a promissory note issued by a company that is not guaranteed by a bank or other financial institution would be considered a single-name paper. Another example would be a bond issued by an individual, rather than a corporation or government entity.

These examples illustrate the definition of single-name paper because they both involve a single maker who is solely responsible for the payment of the instrument. There is no third party guaranteeing the payment, which means that the holder of the instrument is relying solely on the creditworthiness of the maker.

single-means claim | single obligation

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2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
BulbasaurNoLikeCardio
13:20
Evol bunny said they are dropping out and done with LS, they are too good for it so likely will never see the melt downs again
Dkk
13:20
@SplitterusClitterus: 11:22:24 PST, so in about an hour.
Dkk
13:21
Adios EvolBunny then
yall saw the shit at gtown rn w the pregnant 2l
Dkk
13:22
@HopefullyInLawSchool: Lol
babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
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