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LSDefine

Simple English definitions for legal terms

Satisfaction

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A quick definition of Satisfaction:

Term: Satisfaction

Definition: Satisfaction means fulfilling a promise or agreement. It's like keeping your word. For example, if you promised to clean your room, doing it would be satisfying your promise. In law, satisfaction is used to determine if someone has done what they were supposed to do. It's like getting a gold star for doing a good job.

A more thorough explanation:

Definition: Satisfaction is when someone fulfills their obligation or duty. This term is often used in contract law when someone does what they promised to do in the contract. It is also used in judgments to determine if someone has paid what they owe.

Example: In Lovejoy v. Murray, the Supreme Court looked at what happens when someone only pays part of what they owe from a previous judgment. This is an example of partial satisfaction.

Explanation: Satisfaction means doing what you said you would do or paying what you owe. In the example of Lovejoy v. Murray, the person who owed money only paid part of it, so they did not fully satisfy their obligation. This shows how satisfaction is important in fulfilling legal obligations.

Sarbanes-Oxley Act | Satisfaction of judgment

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