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Simple English definitions for legal terms

societas leonina

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A quick definition of societas leonina:

A societas leonina is a type of partnership that is illegal. In this partnership, one person only shares in the losses and not the profits. This is unfair because the other person gets all the benefits. It is called "partnership with a lion" because it is like the lion in the fable who took all the rewards while his associates got nothing.

A more thorough explanation:

societas leonina

Societas leonina is a type of illegal partnership in Roman law where one partner only shares in the losses and not the profits. It is like a partnership where one person takes the lion's share.

An example of societas leonina is when two people start a business together, but one person only invests money and does not contribute to the work. If the business makes a profit, the person who invested money takes all the profit, but if the business loses money, both partners share the loss equally.

Another example is when a group of friends go on a trip together, but one person pays for everything and expects the others to pay them back later. If the trip ends up being expensive, everyone shares the cost equally, but if the trip is cheap, the person who paid for everything takes all the savings.

These examples illustrate societas leonina because in both cases, one person is taking all the benefits while the other person or people are only sharing in the losses. This is not fair or legal in a true partnership where all parties should share in both the profits and losses equally.

societas | societas navalis

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BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
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