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Simple English definitions for legal terms

equitable subrogation

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A quick definition of equitable subrogation:

Equitable subrogation is when someone pays off a debt for someone else and then gets the same rights and benefits as the person who owed the debt. For example, if a friend pays off your car loan, they can become the owner of the car and have the same rights as you did. This can happen by agreement or by law to make sure things are fair.

A more thorough explanation:

Equitable subrogation is a legal term that refers to the substitution of one party for another whose debt the party pays. This entitles the paying party to rights, remedies, or securities that would otherwise belong to the debtor. For example, if a surety pays a debt, they are entitled to any security for the debt held by the creditor and the benefit of any judgment the creditor has against the debtor. They may also proceed against the debtor as the creditor would.

Equitable subrogation can arise by contract or by an express act of the parties, which is called conventional subrogation. It can also arise by operation of law or by implication in equity to prevent fraud or injustice, which is called legal subrogation. 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.

For example, if a homeowner pays off the mortgage on their property and then discovers that there was a lien on the property that was not satisfied, they may be entitled to equitable subrogation. This would allow them to step into the shoes of the lienholder and assert their rights against the debtor. Another example is when an insurance company pays a claim on behalf of their insured and then seeks to recover the amount from a third party who caused the loss. The insurance company would be entitled to the rights and remedies of their insured through equitable subrogation.

equitable right to setoff | equitable title

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m10
10:49
@jackfrost11770: That's like a huge pitfall. People say it's easy to get into like med school or law school through West Point and it is not at all. Yeah, Russian would make you very valuable to them. You will see West Point people in law school but that's very few compared to how many went through the prelaw program there. Best just to enlist and become a combat medic. I've seen like 4 of em here anyway so you didn't really miss anything by going straight to law school.
BulbasaurNoLikeCardio
10:49
I "speak" Dutch but never used it after training back in 2012. Russian is great if you can get into INTEL but outside of that they would just assign you a lot of NATO roles if you go EUCOM. If you go Jag it may score you a nice job in Europe but at this point with the lack of benefits the military would give you just go state department as an attorney and you will travel the world.
m10
10:50
@BulbasaurNoLikeCardio: Oh yeah, I get that. My buddy just got back from Jordan and he gained like 25 lbs there just being a fat ass doordashing for 50 cents a delivery.
yeah haha i mean i was like 15 so i didn't know anything, and yeah that makes complete sense. my main thing was that i knew i didn't want to go to medical school and i didn't want to straight out enlist so that kinda closed the door on that
glovediedthisishismom
10:50
please listen
m10
10:51
@BulbasaurNoLikeCardio: indeed, it could but I could also just like visit on my own time. Though I have met like 10 or so JAG officers that got an Italian or French or Spanish wife while over in Europe so that is cool.
but i'd love to talk to you about that sometime if that's alright because i've been seriously considering INTEL and other similar roles but i know quite literally nothing about it and don't know where to start researching
m10
10:52
@glovediedthisishismom: oh my god that guy is a psychopath. Tjhat guy scares me.
m10
10:52
@jackfrost11770: Best bet if going law route is Law School to JAG to either Mead or Gordon imo then.
m10
10:53
NSA shit to start. If you can go straight into a GS job then you should go for it.
BulbasaurNoLikeCardio
10:54
@jackfrost11770: I have my undergrad in Intelligence and Terrorism and worked a good bit in the IC so I can answer some broad questions but not many direct because the nature of the field. If you want to go to law school and get your JD it really depends what intel work you would want to do and where you want to live.
thank you!! yeah i also know they always need STEM grads ofc, so i know i have that going for me as well
m10
10:58
Fuck now that Gary Gensler is resigning, this is like a dream job for me. Would love to do securities: https://www.usajobs.gov/job/819640900
m10
10:58
Best job on the wbesite rn.
BulbasaurNoLikeCardio
11:00
If you do it from the attorney side you will be skirting the left and right limits of laws like the NDAA to conduct domestic espionage or how to kidnap or spy on people in foreign countries without committing war/international crimes. JAG would be very very general and location based. At one unit you can be the personal attorney to a commander not even having your own office or desk, next one you can be leading the prosecution of terrorist and rapist and the next one be the legal OK for drone striking people. It is a very varied job you have little control over.
Dkk
11:01
Lmfao, so true.
BulbasaurNoLikeCardio
11:02
The last jag I worked with had a folding picnic table as his desk and had to bring his office chair home every night because people would steal it and he hated using a bucket as a seat. All he did was keep commanders from being fired cause they kept doing illegal shit. It is a varied journey.
Dkk
11:04
This is so true. I still have my folding table. I put alcohol on it now and it is my home bar.
11:04
How do you recommend grooming a child so they become a sf operator?
11:05
Asking for my future child who will get boot camp from birth
Dkk
11:05
Make em read books and hope they go that route.
LSDFan
11:05
give them a TBI as soon as possible
Dkk
11:06
LMFAO
11:06
@Dkk: "im the man of the house now i am buying a gun:
babycat
11:06
For one I would try not asking questions that start with “How do you recommend grooming a child?”
11:06
lol people just have bad connotations with it, is it grooming to have your kid play hockey with you and watch games so they want to play when they turn 6?
Dkk
11:06
@EvolBunny: Maybe, maybe but I think the TBI is better advice.
11:07
yes, is it bad?
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