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Simple English definitions for legal terms

sum certain

Read a random definition: free and common socage

A quick definition of sum certain:

Sum certain: A sum certain is a clear and specific amount of money that is agreed upon in a contract. This amount can be for a purchase or a loan, and it is always very clear and easy to understand. It is different from a price that can change based on things like the stock market or interest rates. A sum certain is like a set price that everyone agrees on and there is no confusion about how much it is.

A more thorough explanation:

Definition: Sum certain is a specific amount of money that is agreed upon in a contract. This amount can be for a purchase or a loan. The key feature of a sum certain is that the amount is clearly defined and cannot be interpreted differently by either party. It is different from a price that is based on a changing value, such as the stock market or interest rates.

When buying a car, the sum certain would be the agreed-upon purchase price. For example, if the car costs $10,000, then that is the sum certain.
When taking out a loan, the sum certain would be the amount borrowed. For example, if someone borrows $5,000, then that is the sum certain.

These examples illustrate the definition of sum certain because in both cases, the amount of money is clearly defined and agreed upon by both parties. There is no room for interpretation or confusion about the amount of money involved.

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General

General chat about the legal profession.

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[] starfishies

9:42

this is more mean lol bro could be in the room with us and is nice to update their results

GreyCeaselessMammoth

9:43

ollie we support you

GreyCeaselessMammoth

9:43

change your name to olliewillgotoUChicago?

KnowledgeableRitzyWasp

9:43

ollie you need better stats than that to go to harvard :(

lilypadfrog

9:44

uchicago famously hates low gpas

GreyCeaselessMammoth

9:44

olliewillgotoUpenn

GreyCeaselessMammoth

9:44

i think he has good chances there

Mostlylegal

9:44

upenn famously hates high lsats

GreyCeaselessMammoth

9:45

https://www.lsd.law/users/creep/UselessPlasticWarthog

GreyCeaselessMammoth

9:45

ollie blueprint

cumsock

9:45

do you think about the days when we sat down smoking wine and drinking haze

PuppyBot

9:48

morninh

cumsock

9:48

i wanna quit my jorb

cumsock

9:49

and ride the rails

BulbasaurNoLikeCardio

9:49

@cumsock: same and not cause it sucks, I love who I work with/for and it is super easy but I am trying to save a lot of LS so I can ball out while unemployed

BulbasaurNoLikeCardio

9:50

How much is everyone trying to save up for when they get to school?

shaquilleoatmeal

9:51

@PuppyBot: tripppp, u were heavy on my mind last night after the bs in the chat

cumsock

9:51

i plan to be the most frugal mf alive in school

cumsock

9:52

paint chips for dinner

cumsock

9:52

thats what i always eat tho

lilypadfrog

9:52

glove do you want to go dumpster diving with me

cumsock

9:52

yea thats where all the good snacks are

cumsock

9:52

like plastic bags

lilypadfrog

9:53

😋😋😋😋

[] starfishies

9:53

@BulbasaurNoLikeCardio: i didn't think about this until it was too late lol i'll be lucky to save like 7k if that

shaquilleoatmeal

9:54

@BulbasaurNoLikeCardio: saving enough to have mortgage +bills for the first 2 years of law school, figured i can work again after the 2nd year but at least ill give myself the flexibility to focus on school and not bills. A little to the side because life happens and sometimes u need to prepared for hitting rock bottom

BulbasaurNoLikeCardio

9:54

I am trying to be pretty frugal now, looked up the cost to have PODs move my shit and I am like fuck that is a lot. I am trying to squirrel half my monthly income away so I can have a fat amount of cushion

PuppyBot

9:54

@shaquilleoatmeal: how sweet

PuppyBot

9:55

i need to make my matcha

cumsock

9:55

we just need one parlay

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