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LSDefine

Simple English definitions for legal terms

Statute of Elizabeth

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A quick definition of Statute of Elizabeth:

Statute of Elizabeth: A law made in 1705 that helps protect people who lend money to others. It says that if someone owes money to another person and tries to give away their things or money to avoid paying back the debt, that action is not allowed. This law helps make sure that people who lend money are treated fairly and can get their money back if someone tries to cheat them.

A more thorough explanation:

Definition: The Statute of Elizabeth was a law passed in 1571 in England that aimed to prevent fraudulent conveyances made by debtors to avoid paying their creditors. It was also known as the Bankrupts Act of 1705, which contained similar provisions against such actions.

Example: If a person owes money to their creditors and they transfer their assets to a family member or friend for little or no money, this could be considered a fraudulent conveyance under the Statute of Elizabeth. The law allows creditors to challenge such transfers and recover the assets to pay off the debts owed to them.

Explanation: The Statute of Elizabeth was designed to protect creditors from debtors who tried to avoid paying their debts by transferring their assets to others. The law allows creditors to challenge such transfers and recover the assets to pay off the debts owed to them. This ensures that creditors are not left empty-handed and that debtors cannot cheat their way out of paying their debts.

statute of distribution | Statute of Frauds and Perjuries

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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