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LSDefine

Simple English definitions for legal terms

benefit of division

Read a random definition: National Endowment for the Arts

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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just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
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