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Simple English definitions for legal terms

forced sale

Read a random definition: latent defect

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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Opossum
11:44
It’s all good, I’m not ready and have way too much going on to focus on it - I decided it would be best to wait longer on my retest LG wasn’t my strongest section anyway :)
oh for sure! best of luck!!
11:45
Good luck opossum!!
trees1234567
11:48
this is awesome
trees1234567
11:48
Are you both planning on going?
Opossum
11:51
You too Valley!! I hope you get off the WL
SunshineMine
11:51
@trees1234567: my partner and I have a ton to discuss but luckily Michigan is very gracious in their decision turnaround expectations
sunshine can i ask if you got any $ and if so how much? no worries if you dont want to say
SunshineMine
11:53
@manifestT14acceptances: I was so excited that I don’t want to misspeak so it was either 45k total or 45k per year
SunshineMine
11:54
Waiting for official writing to update things
for sure!! thanks
11:54
congrats sunshine!!! yippee!!!!
11:54
and split?? epic
SunshineMine
11:54
Feeling incredibly grateful, it’s an amazing offer from a school that has been my top since the start so that’s really nice. & thank you @pongleton <3
thats awesome sunshine congrats!
also is anyone else waiting for this NU WL Zoom to start rn lmao
trees1234567
12:04
@SunshineMine: that totally makes sense! Good luck w the decision process!!! I’m sure you’ll make the right choice!
How the heck do y’all get into law school
I’m sure it’s an r and not r for me but i was hoping stl would give me a scholly
KnowledgeableRitzyWasp
12:11
applying late hurts your app a lot
I get that but stl?!?
KnowledgeableRitzyWasp
12:12
if they already have all their students for their medians then you’re still chalked right?
Like a board.
KnowledgeableRitzyWasp
12:12
hahahaha
Rough getting stiffed by the hometown though (DONT know if I’ll emotionally recover)
I’m sorry blue squirrel I’ll pay you a drink if we meet irl
Buy
trees1234567
12:20
mouse idk how to get in lol
trees1234567
12:21
but all we can do is hope!
I’m so tired
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