20:59
ALSO CONGRATS!
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
right of contribution
Read a random definition: primary committee
A quick definition of right of contribution:
Right of Contribution: When multiple people are responsible for a debt or injury, the right of contribution allows one person to recover a portion of what they paid from the others. This means that if one person pays more than their fair share, they can ask the others to pay them back. This also applies to situations where multiple people are responsible for a wrongdoing, and one person pays more than their share of the damages. The right of contribution ensures that everyone pays their fair share.
A more thorough explanation:
The right of contribution is a legal term that refers to the ability of one person who is liable for a debt or injury to recover a portion of the amount owed or damages paid from others who are also responsible. This right is typically granted when multiple parties share liability for a debt or injury.
One example of the right of contribution is when two people are jointly responsible for a debt, such as a loan. If one person pays off the entire debt, they have the right to recover a portion of the amount paid from the other person.
Another example is in cases of joint tortfeasors, or parties who are jointly responsible for a tort (a civil wrong that causes harm or injury). If one party pays more than their share of damages, they have the right to recover a portion of the amount paid from the other tortfeasors.
These examples illustrate how the right of contribution allows for a fair distribution of liability among multiple parties who share responsibility for a debt or injury.