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LSDefine

Simple English definitions for legal terms

cosurety

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A quick definition of cosurety:

Term: COSURETY

Definition: A cosurety is a person who shares the responsibility of paying off someone else's debt or fulfilling their obligation with another person. This means that if the person who owes the debt or obligation cannot pay, the cosureties are both responsible for paying it off. A cosurety is different from a guarantor because they are directly liable, and they often do not receive any compensation for assuming this responsibility.

A more thorough explanation:

A cosurety is a person who shares the cost of performing suretyship obligations with another. In other words, a cosurety is someone who agrees to be responsible for paying off someone else's debt or fulfilling their obligations along with another person.

For example, let's say that John and Jane are both cosureties for a loan that their friend, Bob, took out. If Bob is unable to pay back the loan, both John and Jane are responsible for paying it off. They share the cost of fulfilling the obligation as cosureties.

Another example could be in a construction project where multiple contractors are hired to complete different parts of the project. Each contractor may have a cosurety who shares the cost of fulfilling their obligations in case they are unable to complete their part of the project.

These examples illustrate how a cosurety is someone who shares the responsibility of fulfilling an obligation with another person. They are both equally responsible for fulfilling the obligation, and if one person is unable to do so, the other person must step in to cover the cost.

costs to abide event | cosuretyship

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soap
13:58
Volatile, I always do the hardest ones first, so that you get the most challenging questions out of the way and make it get easier as you proceed. Also, read the answer choices before reading the question.
soap
13:58
Man if I get above 175 and end up not getting into any t14s I'll laugh
@VolatileClumsyAcolyte: biggest tip that will get you a few points is that the LSAT doesn’t actually use “most correct” like it claims. there’s actually only ever one right answer and every other answer will be excluded by one rule of logic or another. so only one answer will ever be completely correct
is there like a cheat sheet or a study guide type of thing for specific forms of questions? I remember I struggled the most with NA/SA/PSA
@soap: if you get above a 175 you should just reapply because you’d probably be competitive for penn nyu and cls at that point with scholly money
I scored 156 on my first LSAT in August, I cancelled that and retook it immediately in September and got 163. Do yall think I can cross into 170's if I start studying from like january to summer
because i've heard that any score increase after 165 is just as hard as from 145 to 160
soap
14:01
I've been told by my parents that I cannot reapply because I have the full ride to UMN and so I better take whatever I can get lol
texaslawhopefully
14:01
I’m going to have to disagree with soap on the point of doing the hardest questions first. I think it’s just a general waste of time to over complicate your strategy. You’re going to have do all the questions anyone. Ignore the clock and focus on one question at a time.
@VolatileClumsyAcolyte: it gets harder to increase your score as you go up, but if you work hard and consistently work on your mistakes it’s entirely possible you break 170
got it thank u guys
@soap: lol oh well just get top 10% a umn and then transfer to harvard because you come from a grade deflated undergrad and law school will be easy for you
soap
14:02
I think the order in which you do questions is a matter of personal preference. In PTs I've always scored better doing the hardest ones first, but that's just because it reduces the stress personally lol
soap
14:02
I guess since I'm paying for all this anyhow I could just wait and reapply lmao
texaslawhopefully
14:03
Yeah soap if you get a 175+, I would 100 percent reapply
hahahahah sure if you’re set on t14 it’s entirely attainable for you
texaslawhopefully
14:03
If your parents aren’t helping at all, they don’t have much of a say
14:08
^valid pt
my mom is so involved in my application proccess she wanted to cater my personal statement to what she believed would make most impact on adcom.
she is helping pay for it but even if so, they shouldnt be too involved
shes a war veteran so she wanted me to spend significant portion of my ps talking about how much her journey affected and inspired me so i ignored her to the fullest by simply saying "ps is about me not you"
speaking of test prep, any 7sage alternatives that include explanations without "youre dumb if u dont get this"
14:25
twitter is making me so mad i may have to get rid of it
texaslawhopefully
14:25
I’m going to get dogged on for saying this, but LSAT Demon has fairly good explanations
14:25
i had demon for a month and they have flushed out written explanations that helpo
14:26
7sage explanations are so sucky i gotta watch a vid of a dude eliminiating an answer choice with 2 seconds of explainaing why
dude, i feel like 7sage guy speedruns thru the whole test.
14:30
the vids are 80% him reading the stimulus out loud then he devotes 4 seconds to each answer choice i swear
14:31
i shake my fist to the sky]
LOL thats so true...they were good for LG but now i dont see the point... applied to GULC mid oct, havent received II or anything, so i HAVE to be cooked, right?
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