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LSDefine
Simple English definitions for legal terms
effets
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A quick definition of effets:
Effets are bills of exchange or goods that can be moved, like stocks or funds. Cause is something that makes something else happen, like an accident. Proximate cause is the main cause that is legally responsible for an event or injury. But-for cause is the cause without which the event could not have occurred. Intervening cause is an event that comes between the initial event and the end result, altering the natural course of events. Good cause is a legally sufficient reason for something, like terminating employment. A cause can also refer to a lawsuit or case in court.A more thorough explanation:
Definition: Effets are bills of exchange or goods that can be exchanged for money. They can also refer to funds or stocks.
Example: When a company sells its products, it receives payment in the form of effets, such as bills of exchange or stocks.
This definition explains that effets are a type of financial instrument or goods that can be exchanged for money. The example illustrates how a company can receive payment in the form of effets when it sells its products.