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Simple English definitions for legal terms

composition

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A quick definition of composition:

Composition is an agreement between someone who owes money and two or more people they owe money to. The agreement is that the person who owes money will pay less than what they owe to each creditor, and in return, the creditors will forgive the rest of the debt. This is called a composition with creditors. The person who owes money is then free from their debts to those creditors. Sometimes, the person who owes money will have to pay something as part of the agreement. In the past, composition was also used as a way to make up for hurting someone, by paying them money or giving them something valuable.

A more thorough explanation:

Definition: Composition refers to an agreement between a debtor and two or more creditors to settle an obligation for a lesser amount. It is an agreement among the debtor and creditors that the debtor will pay the creditors less than their full claims in full satisfaction of their claims.

For example, if a debtor owes $10,000 to two creditors, they may agree to pay $6,000 in total to settle the debt. Through the performance of this agreement, the debtor is discharged in full for the debts of the participating creditors.

Composition can also refer to the compensation paid as part of such an agreement.

In history, composition was also used to refer to a payment of money or chattels as satisfaction for an injury. In early societies, a composition with the injured party was recognized as a way to deter acts of revenge by the injured party.

For example, if someone caused an injury to another person, they could pay a composition to the injured party as a way to avoid retaliation or further conflict.

Overall, composition is an agreement between parties to settle an obligation for a lesser amount, and it can be used in various contexts such as debt settlement or injury compensation.

composite work | composition deed

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KnowledgeableRitzyWasp
22:34
or korean with gochujang
KnowledgeableRitzyWasp
22:35
i might order some gochujang sauce on amazon and cook some air fried chicken breast filets, they’re really good
KnowledgeableRitzyWasp
22:35
just letting you guys know :)
Mohammed
0:14
Where I can find the definition of the false-endowment?
jb2028
11:14
@Mohammed: False-endowment?
reelamsyar
12:05
guys, im making a public speaking with the topic of personal choice in nuisance. Can you give me what to talk about
babybunny
12:47
what does this mean? you get to pick a topic but it has to be about nuisances?
TruthTheX
13:16
Yeah I also don’t know what this means ngl
Obtainingdreams
14:58
Do you think you can use being on the Harvard Wl to ask for more money? Like say you'll withdraw if they give you more?
jb2028
16:14
@Obtainingdreams: Unlikely
jb2028
16:19
If 1 in 10 Harvard waitlistees in their class of 2027 get into HLS (average A % off the HLS waitlist), the school is better served by offering that student more $ than offering the other 9 in 10 more $ than they have to and the one that gets into HLS less than they need to
NaughtyTeenyWeenyPebble
16:32
what do you guys think about the HLS WL? DO you think they're gonna give out a decent amount of A's still?
cclaw
17:15
no
[] ararara
17:38
Thanks JB 🦸‍♀️! For everybody out there stressing law school decisions, hang in there!
HurriedNippyPirate
18:42
What do people think about ND
jb2028
18:42
@NaughtyTeenyWeenyPebble: Looking at last cycle's stats, 16 people logged the date of their HLS waitlist offer and 6 of those were made by 5/19 (the other 10 came later). It's a small sample, and every cycle is different, but it's entirely possible more WL offers are coming
babybunny
18:52
ban me again, for old times’ sake? 😘
NaughtyTeenyWeenyPebble
20:01
I deposited at Columbia but I just want to know if I should start looking for apartments or if I'm going to get an offer from harvard. so stressful
KnowledgeableRitzyWasp
20:02
you kind of have to be ready to drop everything for harvard while going forward with apartments for columbia
Aranet123
20:50
Is it worth writing a second LOCI for HLS?
KnowledgeableRitzyWasp
21:06
you want to write an loci about once a month
[] abbas24
22:33
best tips for studying for Lsat and Applications going into senior year? feel like im so behind but know thats just my mind
[] abbas24
22:34
also tips while having a lower than outstanding gpa? My records show great progression though
jb2028
22:47
1. Spend the time on the LSAT early, if you can hit your target score this summer it will free up lots of time for essays etc. later when things are busy
jb2028
22:50
2. Depending on the schools you're looking at, being at/above LSAT median can be enough. The higher you can get your GPA, the better, but half the class is going to be at/below each median - that's how medians work
jb2028
22:52
If you're above a median (particularly LSAT median) and the other stat isn't way below, numbers alone won't keep you out. Past that point, softs/essays/recs are what gets you in.
jb2028
22:54
YMMV, it will matter what "lower than outstanding" means (3.7? 3.3?)
jb2028
22:59
And what schools you're thinking of
BankruptcyAndRestructuringLawIsCool
2:20
Can't start a fire. You can't start a fire without a spark. This gun's for hire. Even we're just dancing in the dark. You sit around getting older. There's a joke. It's wild and it's on me. I shake this world off my shoulders. Come on, baby, the laugh's on me.
NakedBrothersBandCrazyCar
7:45
knicks and nuggets lost rest in piss god is good
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