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LSDefine

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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WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
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