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Simple English definitions for legal terms

societas leonina

Read a random definition: Ownership

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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18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
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