Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

in solido

Read a random definition: narcotic

A quick definition of in solido:

Term: IN SOLIDO

Definition: When people owe money together, they can be responsible for the whole amount together or just a part of it. In solido means that they are responsible for the whole amount together. This is called a solidary obligation. Once one person pays the whole amount, everyone is free from the debt. This term is used in many countries, but not in Louisiana anymore.

A more thorough explanation:

Definition: In solido (in sol-uh-doh) is a Latin term that means "as a whole." It refers to an obligation that creates joint and several liability. This means that each party involved in the obligation is responsible for the entire debt, not just a portion of it.

For example, if two people take out a loan together and the loan is in solido, each person is responsible for paying back the entire loan amount, not just half of it. If one person defaults on the loan, the other person is still responsible for paying back the entire amount.

The term is commonly used in civil-law jurisdictions, but is no longer used in Louisiana.

Related term: Solidary

Example: Two friends take out a loan together for $10,000. The loan is in solido, which means that each friend is responsible for paying back the entire $10,000. If one friend is unable to make payments, the other friend is still responsible for paying back the full amount.

This example illustrates how an obligation in solido creates joint and several liability, where each party is responsible for the entire debt.

insinuation | in solidum

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
LSD+ is ad-free, with DMs, discounts, case briefs & more.