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Simple English definitions for legal terms

mutuary

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A quick definition of mutuary:

Term: MUTUARY

Definition: A mutuary is someone who receives property through a mutuum, which is a type of loan where the borrower is obligated to repay the same amount of property or goods borrowed. It is important to note that a mutuary is not the same as a mutuant, who is the borrower in a mutuum.

A more thorough explanation:

Definition: A mutuary is a person who receives property in a mutuum. A mutuum is a type of loan where the borrower is obligated to return the same amount of property, not just the same value.

Example: John borrows 10 apples from Mary in a mutuum. Mary is the mutuant, and John is the mutuary. John is obligated to return 10 apples, not just 10 apples' worth of value.

The example illustrates the definition by showing how a mutuum works and who the mutuary is in the transaction.

mutuari | mutuatus

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

GodsPlanUltimately

14:55

Hello /ᐠ - ˕ -マ Ⳋ Hopefully it is warmer where everyone else is

BulbasaurNoLikeCardio

14:56

@lilypadfrog: there is a reddit for that fear

SplitterusClitterus

14:56

i agree froggy

texaslawhopefully

14:56

I can't believe my last 5 decisions now have either been R's or WL's

SplitterusClitterus

14:56

im literally freezing god

texaslawhopefully

14:56

I might be here next cycle fuck

Trismegistus

14:57

me fuckin too buddy

jackfrost11770

14:57

Welcome to the gang tex it ain't fun :( we got this, I hope lmao. Vandy please don't give up on me

GodsPlanUltimately

14:57

@SplitterusClitterus: Currently -10 but -25 with windchill :c

Eggan

14:57

ok i just got in im still UR erm errmmmmm yeah thats an R

lilypadfrog

14:57

what if there was a frog musician and they were called a frogstar? would this be cool or not really

SplitterusClitterus

14:57

im sorry texas i hope you get an a soon

GodsPlanUltimately

14:58

You can do it ฅ/ᐠ˶> ﻌ<˶ᐟ\ฅ

snow

14:58

tex youre already an insanely qualified applicant, but with a year of work experience there is not doubt in my mind you will not get HYS :)

SplitterusClitterus

14:58

@GodsPlanUltimately: nvm I wont complain againn

renard99

14:58

@lilypadfrog: One of my best friends has a project named rockstar1000

SplitterusClitterus

14:58

unless ur innside and warm

renard99

14:58

You can be frogstar1000

GodsPlanUltimately

14:59

@SplitterusClitterus: It's okay you can complain. I am currently indoors but I have class soon. At least I have a place to be warm in ฅ/ᐠ˶> ﻌ<˶ᐟ\ฅ

Eggan

14:59

i knew i wasnt getting penn its ok

GodsPlanUltimately

14:59

You have gotten into some great schools too though

GodsPlanUltimately

14:59

There is still hope!

Eggan

14:59

and NYU/CLS didnt come thru today

ChowieBean

14:59

wave in one minute? jk but imagine

SplitterusClitterus

15:00

lil that would be cute yes also how tf am i out of messahes?!?!? (me after def sending over 15 messages) bruh i guess ill ttyguys later....also thank u god i like complainign about the cold,, i am v cold rn theres no hearing here,, chowie YES WAVE IN 1 MIN THEN IN 15 MIN

atwatodbit

15:00

has anyone who got into Penn today gotten login info or scholly information?

texaslawhopefully

15:00

thank you splitter and snow :)

lilypadfrog

15:00

@renard99: i was hoping you would say that

cumsock

15:00

Tex u dropped this 👑

GodsPlanUltimately

15:00

@cumsock: I second this statement

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