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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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2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
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