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Simple English definitions for legal terms

societas leonina

Read a random definition: Aggregation of Jurisdictional Amount

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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14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
14:13
its a bum-ass law school but LSD really needs to update UCLawSF's name
14:13
whose manager can I call about that
lilypadfrog
14:14
I think the people in charge don’t come on here anymore but you can email them if you really care like that
14:14
yeah true that. Although I prefer Hastings just because it is easy to differentiate from U of SF
renard99
14:14
There's a lot on this site that doesn't work and for maybe $5k I'd be more than willing to fix it
14:14
send bid proposal Renard
renard99
14:14
But as Lilypad said it's probably just maintained atp, no major updates
14:15
fwiw all the UCLSF students I know still basically say hastings. even the huge crest in the foyer still says hastings
renard99
14:15
@llama: Man I'd be more than happy to
14:15
LSD is in decay age of social network
renard99
14:15
^LMAO yeah
renard99
14:15
Basically accepted atp that I'm gonna have to R&R so might as well take up some jobs while I'm at it
14:15
sad. imagine being here in 2005/2010 when it was 100 operational. woe is me
@llama: back when 160s meant t14
14:16
born too late to experience full LSD born too soon to explore the galaxy
14:16
^ gets it
lilypadfrog
14:16
https://www.lsd.law/users/creep/cryptanon this is one of the guys who made the website
14:16
@lilypadfrog: wow more recent than i would have wagered
14:17
how is it so that I creep a rando and their app year is 2005-2005?
14:17
2005-2006* for example
renard99
14:18
^ find that rando in your circle and ask them where they've stored all their cycle letters
ReminiscentZestyFish
14:18
Vandy??
renard99
14:18
Possibly in a dark corner of the attic in a box
VANDY
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