20:55
MIAMI A
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
fidejussor
Read a random definition: lender
A quick definition of fidejussor:
A fidejussor is someone who promises to pay someone else's debt. They can also act as bail for someone in a maritime court. In simpler terms, a fidejussor is like a friend who promises to pay your debt if you can't pay it yourself.
A more thorough explanation:
fidejussor
A fidejussor is a person who promises to pay someone else's debt. In Roman law, a fidejussor is a guarantor who agrees to pay back a loan if the borrower cannot. In maritime law, a fidejussor acts as bail for a defendant in the Court of Admiralty.
1. John needed a loan to start his business, but the bank was hesitant to lend him the money. His friend Tom agreed to be a fidejussor and promised to pay back the loan if John couldn't.
2. In a maritime court case, the defendant may need a fidejussor to act as bail. This means that the fidejussor promises to pay a certain amount of money if the defendant doesn't show up for their court date.
These examples show how a fidejussor is someone who takes on the responsibility of paying back a debt or acting as bail for someone else. They are essentially a guarantor who promises to pay if the borrower or defendant cannot.