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LSDefine

Simple English definitions for legal terms

societas leonina

Read a random definition: cum libero exitu et introitu

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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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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