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Simple English definitions for legal terms

tangible chattel paper

Read a random definition: hire-purchase agreement

A quick definition of tangible chattel paper:

Tangible Chattel Paper: A piece of paper that shows someone owes money and that the person who loaned the money has a right to take specific things if the money isn't paid back. This is often used when someone buys something on credit and the seller wants to make sure they get their money back.

A more thorough explanation:

Definition: Tangible chattel paper is a written document that shows both a monetary obligation and a security interest in or a lease of specific goods. It is used in consumer transactions when a consumer buys goods on credit and promises to pay for them by executing a promissory note, while the seller retains a security interest in the goods.

Examples: A common example of tangible chattel paper is a car loan agreement. When a person buys a car on credit, they sign a promissory note promising to pay back the loan, and the lender retains a security interest in the car until the loan is paid off. Another example is a lease agreement for equipment, where the lessee promises to pay rent for the use of the equipment and the lessor retains a security interest in the equipment.

Explanation: These examples illustrate tangible chattel paper because they both involve a written document that shows a monetary obligation (the loan or rent payments) and a security interest in specific goods (the car or equipment). The document serves as proof of the agreement between the parties and the rights and obligations of each party.

tangible asset | tangible cost

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14:42
just so u guys know diamonds are a scam, very plentiful on earth, much less valuable than silver, plat, gold. junk rock
JumpySubsequentDolphin
14:44
big lab grown fan llama?
14:44
literally just carbon either way. sure they are pretty but they are dependable.
14:46
i appreciate the beauty of both, im just having an autis rant srry
JumpySubsequentDolphin
14:46
lab grown’s not very expensive tho
JumpySubsequentDolphin
14:46
depending on the size i guess
JumpySubsequentDolphin
14:46
more ethical too
there are lab grown diamonds and child labor diamonds
i prefer child labor diamonds for their authenticity
14:49
I only buy real diamonds if i get a polaroid of the child who harvested it to authenticate the rock
14:50
ok players I g2g. but if u want to oogle over some jewelry: https://www.youtube.com/@TraxNYCDiamondJewelry is my favorite
jackfrost11770
14:55
can reddit users please learn that when you post an instagram link it'll share your profile with anyone that opens it
jackfrost11770
14:55
so much self doxxing constantly happening on lsa 💀
16:51
😛
put your tongue away
Dkk
17:38
I buy a bowling ball for my woman when I want their ring size. That's been my strategy in the past.
Dkk
17:40
Oh shit, I posted Instagram here once. I doxed myself then too lmfao.
18:11
when should i hear back if I applied 12/13 to cardozo, st johns, hofstra, nyls, brooklyn, and umiami - anyone else hear back and applied mid december ?
probably like sometime in march
Dkk
19:18
@getmoney: check the charts. We have already given you an answer multiple times.
20:09
relax, what chart
20:29
Go to the school, Hofstra for example. Set the cycle to last year and sort the chart by date submitted. You can see when people who applied in December heard back last cycle
helloo everyone, does someone want to read one paragraph i wrote for GW law for the diversoty statement and tell me if it is good/bad?
In school, I was met with questions like, “Why are Muslim women oppressed?” or “Do you need bodyguards when you travel to Jordan?”
shoudl i keep those questions in there or is too much?
texaslawhopefully
22:44
I would cut the questions and go in media res.
texaslawhopefully
22:45
But, I guess it also depends on what the next few paragraphs are like. I personally am not a fan of rhetorical questions, as they're generally not well done, but they could work.
I like the questions but maybe italics instead of quotes so it feels more internal
like quotes are so blocky and chunky sometimes whereas italics feels more like seamless thoughts but I think that only works if it matches your writing style! I used rhetoricals in mine that way and it seems to have been working out okay
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