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LSDefine

Simple English definitions for legal terms

substitute obligation

Read a random definition: compounder

A quick definition of substitute obligation:

A substitute obligation is when someone has a duty to do something, but then that duty is replaced by a new duty. This can happen when two parties agree to change the terms of their original agreement. For example, if someone owes money to another person, they might agree to pay it back in smaller installments instead of all at once. The new obligation to pay in installments would be a substitute obligation for the original obligation to pay the full amount at once.

A more thorough explanation:

Definition: A substitute obligation is a legal duty that replaces an extinguished obligation through novation. Novation is a process where a new obligation replaces an old one, and the parties involved agree to the change.

Example: A borrower owes a lender $10,000. The borrower and lender agree to replace the old obligation with a new one, where the borrower owes $8,000 instead. The new obligation is a substitute obligation that replaces the old one.

This example illustrates how a substitute obligation can replace an old obligation through novation. The borrower and lender agreed to the change, and the new obligation takes the place of the old one.

substitute information in lieu of indictment | substitute specification

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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