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Simple English definitions for legal terms

conventional subrogation

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A quick definition of conventional subrogation:

Conventional subrogation is when one party pays the debt of another party and is then entitled to the rights and remedies that the debtor would have had. For example, if a surety pays a debt, they can use any remedy against the debtor that the creditor could have used. This type of subrogation arises by contract or an express act of the parties.

A more thorough explanation:

Conventional subrogation is a legal term that refers to subrogation that arises by contract or by an express act of the parties. Subrogation is the substitution of one party for another whose debt the party pays, entitling the paying party to rights, remedies, or securities that would otherwise belong to the debtor.

For example, if a person borrows money from a bank and a friend agrees to pay off the debt, the friend becomes the new creditor and has the right to collect the debt from the borrower. This is an example of conventional subrogation because the friend became the new creditor by agreement with the bank.

Another example of conventional subrogation is when an insurance company pays a claim on behalf of its insured and then seeks reimbursement from a third party who caused the loss. This is often the case in car accidents where the insurance company pays for damages and then seeks reimbursement from the at-fault driver.

Conventional subrogation is different from legal subrogation, which arises by operation of law or by implication in equity to prevent fraud or injustice. Legal subrogation usually arises when the paying party has a liability, claim, or fiduciary relationship with the debtor, pays to fulfill a legal duty or because of public policy, is a secondary debtor, is a surety, or pays to protect its own rights or property.

conventional servitude | Convention application

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Dkk
19:42
SEO is big money
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.
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