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Simple English definitions for legal terms

right of division

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A quick definition of right of division:

The right of division is a legal term that refers to a surety's right to only be held responsible for a portion of a debt that is proportional to the number of solvent cosureties. This means that if there are multiple people responsible for a debt, the surety will only be responsible for their fair share. This right is also known as the benefit of division in civil law, beneficium divisionis in Roman law, and the right of division in Scots law.

A more thorough explanation:

Right of Division

The right of division is a legal term that refers to a surety's right to be sued only for a part of the debt that is proportionate to the number of solvent cosureties. This means that if there are multiple cosureties for a debt, the surety can only be held responsible for a portion of the debt that is equal to the number of solvent cosureties.

For example, if there are three cosureties for a debt and one of them becomes insolvent, the remaining two cosureties and the surety with the right of division would only be responsible for one-third of the debt each. This ensures that the burden of the debt is shared equally among all parties involved.

Another example would be if there are five cosureties for a debt and two of them become insolvent, the remaining three cosureties and the surety with the right of division would only be responsible for one-fifth of the debt each.

The examples illustrate how the right of division works in practice. It ensures that the surety is not unfairly burdened with a larger portion of the debt than they should be responsible for. Instead, the debt is divided proportionately among all parties involved, based on the number of solvent cosureties. This helps to protect the surety from being held responsible for more than their fair share of the debt.

right of dissent and appraisal | right of election

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JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
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