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LSDefine

Simple English definitions for legal terms

right of exoneration

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A quick definition of right of exoneration:

Term: Right of Exoneration

Definition: The right of a person who is not primarily responsible for a debt to ask the person who is primarily responsible to pay it off or reimburse any payments made by the secondarily responsible person. For example, if someone acts as a surety for a debt, they have the right to ask the person who owes the debt to pay it off after they have paid it themselves. This right only applies when the parties are successively liable, not equally liable.

A more thorough explanation:

Definition: The right of a person who is secondarily liable on a debt to make the primarily liable party discharge the debt or reimburse any payment that the secondarily liable person has made. This is also known as equity of exoneration.

Example: A surety has the right of exoneration to call on the principal for reimbursement after the surety has paid the debt. This means that if the borrower defaults on a loan, the surety (who has guaranteed the loan) can demand that the borrower repay the loan. If the borrower fails to do so, the surety can pay off the loan and then demand reimbursement from the borrower.

The equity of exoneration exists when parties are successively liable, meaning that one party is liable only if another party fails to fulfill their obligation. This right ensures that the secondarily liable party is not unfairly burdened with the debt and can seek reimbursement from the primarily liable party.

right of entry for condition broken | right of family integrity

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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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