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Law school is a lot like juggling. With chainsaws. While on a unicycle.
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Legal Definitions - singular successor
A lawyer is a person who writes a 10,000-word document and calls it a 'brief'.
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Definition of singular successor
A singular successor is a person who succeeds to the rights of a former owner in a single piece of property. This is different from a universal successor, who succeeds to all the rights and powers of a former owner, or a particular successor, who succeeds to rights and obligations that pertain only to the property conveyed.
- John inherits his grandfather's house. He is the singular successor to the property, meaning he has inherited all the rights and responsibilities that come with owning the house.
- When a corporation is dissolved, its assets are passed on to a statutory successor. This person is responsible for managing and distributing the assets according to the laws of the state where the corporation was incorporated.
These examples illustrate how a singular successor is someone who inherits the rights and responsibilities of a specific piece of property or asset. This can happen through inheritance, dissolution of a corporation, or other legal means.
It's every lawyer's dream to help shape the law, not just react to it.
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Simple Definition
A successor is someone who takes over the position, rights, or responsibilities of another person or entity. There are different types of successors, such as a singular successor who takes over the rights of a former owner in a single piece of property, or a universal successor who inherits all the rights and powers of a deceased person's estate. A statutory successor is someone who takes over the assets of a corporation upon its dissolution, according to the laws of the state where it was incorporated.
The end of law is not to abolish or restrain, but to preserve and enlarge freedom.
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