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LSDefine

Simple English definitions for legal terms

subassignee

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A quick definition of subassignee:

A subassignee is someone who receives property rights or powers from another person, known as an assignee. This term is often used in legal contexts, but it can be confusing because it can have different meanings depending on the situation. Courts may need to look at the intent of the assignor and assignee to determine what rights and responsibilities the subassignee has. Essentially, a subassignee is someone who receives a right that was previously assigned to someone else.

A more thorough explanation:

Definition: A subassignee is a person who receives the transfer of property rights or powers from an assignee. The term is often used broadly and can be difficult to define precisely. Courts may look to the intent of the parties involved in the assignment to determine the subassignee's rights and responsibilities.

Examples:

  • Absolute assignee: This is a person who receives an unqualified interest in property as part of an assignment. For example, if a person assigns their ownership of a car to someone else, that person becomes the absolute assignee of the car.
  • Assignee ad interim: This is a person who is appointed as an assignee between the time of bankruptcy and the appointment of a regular assignee. For example, if a company goes bankrupt, an assignee ad interim may be appointed to manage the company's assets until a permanent assignee is appointed.
  • Assignee for value: This is a person who receives an assignment in exchange for payment or other consideration. For example, if a person sells their ownership of a house to someone else, the buyer becomes the assignee for value of the house.
  • Collateral assignee: This is a lender who receives an interest in property, usually real property, as security for a loan. For example, if a person takes out a mortgage on their house, the lender becomes the collateral assignee of the house.
  • Gratuitous assignee: This is a person who receives an assignment without giving any consideration in return. For example, if a person gives their ownership of a painting to a friend as a gift, the friend becomes the gratuitous assignee of the painting.
  • Subassignee: This is a person who receives the transfer of property rights or powers from an assignee. For example, if a person assigns their ownership of a car to someone else, and that person then assigns their ownership of the car to a third person, the third person becomes the subassignee of the car.

The examples illustrate the different types of assignees and subassignees that may be involved in an assignment of property rights or powers. Each type of assignee has different rights and responsibilities, depending on the circumstances of the assignment and the intent of the parties involved.

subaltern | sub ballivus

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babycat
14:48
renard what are you drinking?
BulbasaurNoLikeCardio
14:50
Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.
1a2b3c4d26z
14:51
Renard if you're not drinking margs Im gonna throw hands
14:51
Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor
1a2b3c4d26z
14:51
missing range time :(
1a2b3c4d26z
14:52
That sounds good renard but unfortunately I'll still have to throw hands
Tonight I’m Having a date with this guy who asked me out couple times
BulbasaurNoLikeCardio
14:54
What made you give in and go out after he asked a couple times?
Other failed dates
babycat
14:55
That’ll do it
Question, how many of u would sleep on first date
babycat
14:57
honestly my answer is it depends
babycat
14:57
there has to be a very specific vibe to make me want to do that. not like a regular date
babycat
14:59
and sometimes you want to and you still don’t do ir
babycat
14:59
it
babycat
15:00
but I don’t use dating apps so all my first dates are with people I’ve already met in some context, which it sounds like is your situation too
Dkk
15:00
I could never imagine myself doing that on a first date.
Dkk
15:01
@BulbasaurNoLikeCardio: hope things get better
babycat
15:01
@Dkk: what if it’s someone you’ve known for a long time but never dated?
Dkk
15:03
Maybe but things would have to go like perfectly. I could not imagine them going perfectly.
15:04
Sleeping on the first date just isn't my style, idk. I take things painfully slowly and much prefer to befriend and really get to know a girl first before doing any of that
Ok another question, what do u tell the ppl u sleeping with already that ur going on dates
Dkk
15:05
The bigger issue is if I sleep with them will I have the emotional connection to finish cus it is harder for me to finish if I do not know the person.
bigroger100
15:05
Anyways when the fuck are either of the colorados schools releasing their shit. Smh
BulbasaurNoLikeCardio
15:05
@Rightfullytherlauren: If the person is clean or has a good vibe I will do it the first date
15:06
Yeah sorry I can't answer that Lauren, I don't sleep with anyone if I'm not already dating them
Dkk
15:06
@Rightfullytherlauren: This is like a stupid thing that only really hot guys and women have to think about. I have never had to think about this before. No answer.
Dkk
15:07
@bigroger100: No idea. Probably when they released last year unless they were supposed to release already.
BulbasaurNoLikeCardio
15:08
@Rightfullytherlauren: I am apparently a hot guy or just a slut cause I have had this before. If it is a FWB then you gotta follow the rules on that like wrapping your tool and such but if it is a casual fuck/bootie call they do not need to know if you are trying to find love and what you are doing when you are busy
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