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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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