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LSDefine

Simple English definitions for legal terms

waiver of protest

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A quick definition of waiver of protest:

When someone gives you a special piece of paper that promises to pay you money, it's called a negotiable instrument. If that paper can't be cashed in, it's called dishonor. Normally, you would have to go through a formal process called protest to show that the paper couldn't be cashed in. But sometimes, the person who gave you the paper will say that they don't want to go through that process. That's called a waiver of protest. It means they're giving up their right to protest and are okay with the paper not being cashed in.

A more thorough explanation:

Waiver of protest is when a party to a negotiable instrument gives up the right to formally protest the instrument in case of dishonor. This means that they will not require a notary public to make a written statement that the instrument was not paid or accepted.

For example, if someone writes a check to another person and the check bounces, the person who wrote the check may waive their right to protest the dishonor of the check. This means that they will not require a notary public to make a written statement that the check was not paid or accepted.

Waiver of protest is often used in financial transactions, such as when a bank issues a letter of credit. By waiving the right to protest, the parties involved can save time and money by avoiding the formalities of protest.

waiver-of-premium clause | waiver of service

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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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
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.
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