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Simple English definitions for legal terms

benefit of division

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A quick definition of benefit of division:

Benefit of division: A legal term that refers to a surety's right to only be held responsible for a portion of a debt that is proportional to the number of other solvent cosureties. This means that if there are multiple people responsible for a debt, the benefit of division ensures that each person is only responsible for their fair share, rather than being held responsible for the entire debt. This legal concept is also known as beneficium divisionis in Roman law, bénéfice de division in French law, and right of division in Scots law.

A more thorough explanation:

The benefit of division is a legal term used in civil law. It refers to a surety's right to be sued only for a part of the debt that is proportional to the number of solvent cosureties. This means that if there are multiple sureties for a debt, and some of them are unable to pay their share, the remaining sureties will only be responsible for their fair share of the debt.

For example, let's say that there are three sureties for a debt of $30,000. Each surety is responsible for one-third of the debt, or $10,000. If one of the sureties is unable to pay their share, the remaining two sureties will only be responsible for $15,000, or half of the total debt.

The benefit of division is an important protection for sureties, as it ensures that they are not unfairly burdened with the debts of others. It is also a way to encourage more people to act as sureties, as they can be confident that they will only be responsible for their fair share of the debt.

benefit of clergy | benefit of inventory

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2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
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