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LSDefine

Simple English definitions for legal terms

conventional subrogation

Read a random definition: parliamentary diplomacy

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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