ShmoopTube
Where Monty Python meets your 10th grade teacher.
Search Thousands of Shmoop Videos
Metrics Videos 354 videos
What is covariance? Covariance is the comparison of how assets move in the markets. Positive covariance is when assets move in tandem, such as when...
What is the Advance Decline Ratio? The advance decline ratio is used to determine how the market performed on a given day. It does this by comparin...
Finance: What is Consent To Service Of Process? 156 Views
Share It!
Description:
What is Consent To Service Of Process? A Consent to Service of Process is basically a Power of Attorney type of relationship established between an individual and a company so that the company has the authority to accept legal documents on behalf of the individual.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Accounting
- Terms and Concepts / Bonds
- Terms and Concepts / Company Management
- Terms and Concepts / Econ
- Terms and Concepts / Ethics/Morals
- Terms and Concepts / Managed Funds
- Terms and Concepts / Metrics
- Terms and Concepts / Regulations
- Terms and Concepts / Stocks
- Terms and Concepts / Trading
Transcript
- 00:00
Finance a la shmoop what is consent to service of process alright well it's [Woman appears on stage]
- 00:09
like when you in tone ironically so sue me and they do or at least they can
- 00:15
well this phrase consent to service of process is a legal acceptance of
- 00:20
financial responsibility when you set up your company in whatever form in [Women discussing company matters]
- 00:25
whatever given state that is when you consent to being served lawsuit papers
Full Transcript
- 00:32
at your address of record it makes it all the easier for well whoever to sue [Lawyer gives woman a lawsuit]
- 00:37
you they don't have to hunt you down in the woods or wait for you to show up at
- 00:41
your PO-- box or to try to ID you in a you know Where's Waldo drawing it's hard [Waldo appears in a crowd and runs away]
- 00:47
to do well all they have to do is send what's called a process server basically
- 00:51
registered mail who identifies you and then he you know takes a selfie of [Man takes a selfie with a woman]
- 00:56
himself serving you papers ie handing you an envelope stating that you are
- 01:00
being served well the state had to require this consent because too many
- 01:05
deadbeat companies absconded with unpaid bills unserved responsibilities in
- 01:12
contracts and other omissions that finally force the government to say
- 01:16
enough if you want to do business in our neck of the woods then you'll consent to [Government working demanding consent]
- 01:20
being sued easily and being served yeah don't worry it only hurts the first time
Related Videos
GED Social Studies 1.1 Civics and Government
What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...
What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...
How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...