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Simple English definitions for legal terms

societas leonina

Read a random definition: waiver of service

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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1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
21:07
okay I’ll check them out
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