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Simple English definitions for legal terms
per my et per tout
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A quick definition of per my et per tout:
Term: per my et per tout
Definition: Per my et per tout means "by me and by all" in French. It is a legal term used to describe joint ownership of property where each owner has an equal share and responsibility. This means that each owner has the right to use the property and is responsible for any costs associated with it. It is important to understand the implications of per my et per tout before entering into any joint ownership agreements.
A more thorough explanation:
per my et per tout
Per my et per tout is a legal term that means "by me and by all." It refers to a joint liability where all parties involved are equally responsible for a debt or obligation.
- When two people take out a loan together, they are both responsible for paying it back per my et per tout.
- In a business partnership, all partners are responsible for the debts and obligations of the company per my et per tout.
These examples illustrate how per my et per tout is used to indicate joint liability. In both cases, all parties involved are equally responsible for the debt or obligation, and cannot be held solely responsible for it.