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LSDefine

Simple English definitions for legal terms

forced sale

Read a random definition: commission of the peace

A quick definition of forced sale:

A forced sale is when someone has to sell something because of a legal reason, like a court order or bankruptcy. It's not because they want to sell it for money. If someone sells something because they want to, it's not a forced sale. For example, if someone can't pay their mortgage, the bank might make them sell their house in a forced sale.

A more thorough explanation:

A forced sale is a type of sale that happens when someone is legally required to sell something, rather than choosing to sell it for economic reasons. This can happen in situations like a mortgage foreclosure or a bankruptcy proceeding.

For example, if someone falls behind on their mortgage payments and the bank forecloses on their home, the bank may be legally required to sell the home in a forced sale. Similarly, if a business goes bankrupt, the court may order a forced sale of the company's assets to pay off its debts.

It's important to note that a forced sale is different from a voluntary sale, which happens when someone chooses to sell something for economic reasons, such as wanting to downsize or move to a new location.

forced pregnancy | forced share

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AngryMiniCar
15:31
@NosyBeagle: I have upperhand in that by having goldfish memory. Did I choose C 10 times in a row? No clue. Therefore I'm correct
NosyBeagle
15:42
@AngryMiniCar: LMAO i wish
NosyBeagle
15:43
@bigfatsloth: good luck. ily! (had to click on wake forest to see where that is)
NosyBeagle
15:47
trying to force myself to do a third set of drills. Im kinda tapped out in the brain department
15:50
pro tip: wake forest is not in wake forest, nc
15:50
dont get lost when moving
anyone else going to school in their current city?
AngryMiniCar
16:00
@NosyBeagle: take a hard nap you deserve it
NosyBeagle
16:02
can't. I'm at work ):
NosyBeagle
16:02
thanks tho
AngryMiniCar
16:29
lmaoooo studying on company dime???
AngryMiniCar
16:29
Me too tho
AngryMiniCar
16:29
Lol
NosyBeagle
16:41
yep. there's nothing else to do
AngryMiniCar
16:42
My boss went out on vacation
AngryMiniCar
16:42
And thought he told me but he forgot.... :') So now I've got virtually nothing to do
16:45
@bigfatsloth: an early welcome to north carolina :3 i will NOT be joining you in the forest unfortunately
NosyBeagle
16:47
lol same but the second in command gives me tasks
NosyBeagle
16:47
none today tho
NosyBeagle
16:47
it's almost 4pm and i play nyt sudoku at 4pm and i am thrilled. this is my life now
globalcitizen
17:22
Waitlists serve as little gestures to aa era on the way out
globalcitizen
17:22
That’s nice
ParallelAgreeableOrangutan
17:34
To what?
Anyone get uva feeler/auto email about waitlist
ParallelAgreeableOrangutan
18:28
I got the email. Based on the language in the email, I'd be surprised if many feelers were going out
I mena, the same is true for all of them lmfao WL =R
ParallelAgreeableOrangutan
18:51
That's demonstrably not true. I've gotten feelers and others in this chat have as well. Not sure why you're asking questions when you clearly aren't interested in the answers
hello
19:22
hey yall
ParallelAgreeableOrangutan
19:25
Hi llama!!
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