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Simple English definitions for legal terms

beneficium ordinis

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A quick definition of beneficium ordinis:

Beneficium Ordinis: A legal term that means a surety (someone who promises to pay someone else's debt) has the right to ask the creditor (the person who is owed money) to try to get payment from the person who owes the debt before asking the surety to pay. This is called the "privilege of order" and is meant to protect the surety from having to pay if the debtor can still pay the debt.

A more thorough explanation:

Definition: Beneficium ordinis (ben-ə-fish-ee-əm or-də-nis) is a Latin term that means "privilege of order." It refers to a surety's right to demand that a creditor first seek payment from the principal debtor before seeking payment from the surety. This right is also known as the benefit of discussion.

Example: Let's say John borrows $10,000 from a bank and his friend Tom acts as a surety for the loan. If John fails to repay the loan, the bank can demand payment from Tom as well. However, Tom can invoke the beneficium ordinis and require the bank to first try to collect the debt from John before coming after him.

This right is important because it protects the surety from being held responsible for the debt before the creditor has exhausted all other options for collecting it. It also ensures that the principal debtor is held responsible for their obligations before the surety is required to pay.

beneficium inventarii | beneficium separationis

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glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
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