Legal Definitions - wholly

Wholly means entirely, completely, or in its full extent, without any part missing or left undone. It signifies that something is absolute and without reservation or exception.

Here are some examples to illustrate its application:

• Example 1 (Ownership): A parent company might state that it wholly owns a subsidiary, meaning it possesses 100% of the subsidiary's shares and therefore has complete control over its operations and assets.

  Explanation: This illustrates "wholly" by indicating that the ownership is total and undivided; no other entity holds any portion of the subsidiary's ownership.

• Example 2 (Responsibility/Liability): In a legal dispute, if a court finds one partywholly responsible for damages, it means that party is solely and entirely liable for all the financial costs or other consequences, with no fault attributed to any other party involved.

  Explanation: Here, "wholly" emphasizes that the responsibility is complete and exclusive to one party, leaving no room for shared blame or partial accountability.

• Example 3 (Fulfillment of Terms): A tenant might claim they wholly complied with the terms of their lease agreement by paying all rent on time, maintaining the property, and adhering to all rules, leaving no outstanding obligations.

  Explanation: This example demonstrates "wholly" by showing that the tenant's compliance was absolute and comprehensive, fulfilling every single requirement of the agreement without any omissions or partial adherence.