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Non Cash Collateral - GMSLA Provision: Difference between revisions
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{{gmslaanat|Non Cash Collateral}} | {{gmslaanat|Non Cash Collateral}} | ||
Definitions like this can give you those moments that genuinely makes you proud to be a lawyer. You know, all that slogging through [[offer]], [[acceptance]] and [[consideration]], [[Donoghue v Stevenson - Case Note|snails in gingerbeer]], [[constructive]] [[estoppel]] and [[laches]]? | Definitions like this can give you those moments that genuinely makes you proud to be a [[lawyer]]. You know, all that slogging through [[offer]], [[acceptance]] and [[consideration]], [[Donoghue v Stevenson - Case Note|snails in gingerbeer]], [[constructive]] [[estoppel]] and [[laches]]? | ||
All that was preparation for the revelation — now, when there is so much money down you have to keep investing — that the finest minds in your profession can get together and think it is necessary and valuable to define the expression “non-cash collateral”. | All that was preparation for the revelation — now, when there is so much money down you have to keep investing — that the finest minds in your profession can get together and think it is necessary and valuable to define the expression “non-cash collateral”. | ||
“It means, sirs, collateral that isn't cash.” | |||
Well you | Well, you don’t say. | ||