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LSDefine

Simple English definitions for legal terms

liability in solido

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A quick definition of liability in solido:

Liability in solido: When two or more people owe money or are responsible for something, liability in solido means that any one of them can be held responsible for the entire debt or responsibility. This is like when you and your friends borrow money together and one of you doesn't pay their share, the lender can ask any one of you to pay the full amount. It's important to be careful who you share liabilities with!

A more thorough explanation:

Definition: Liability in solido refers to the legal responsibility of one or more parties to pay the entire debt or damages owed to a creditor or plaintiff. This means that if there are multiple debtors or defendants, the creditor or plaintiff can choose to collect the entire amount from any one of them.

Example: Suppose three friends, A, B, and C, take out a loan of $10,000 from a bank. The loan agreement states that they are jointly and severally liable for the debt. If they default on the loan, the bank can choose to collect the entire amount from any one of them, such as A. A would then have the right to seek contribution from B and C for their share of the debt.

This example illustrates how liability in solido works in a joint debt situation. It allows the creditor to recover the full amount owed without having to pursue each debtor separately. However, it also means that any one debtor can be held responsible for the entire debt, which can create tension and disputes among the debtors.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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