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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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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