Colliterales et socii, also known as masters in chancery, were assistants to the Chancery judges in England. They provided support and assistance to the judges in their work.
Colliterales et socii, a Latin term pronounced kuh-lit-uh-ral-eez et soh-shee-eye, refers to “assistants and associates.” In England, it was used to describe the assistants of Chancery judges, also known as masters in chancery. When a Chancery judge required assistance with a case, they would call upon their knowledgeable assistants, known as colliterales et socii, for valuable insights and advice. Similarly, masters in chancery would enlist the help of their associates, also referred to as colliterales et socii, for administrative tasks such as drafting legal documents and managing court records. These examples demonstrate the important role of colliterales et socii as valuable assistants and associates to Chancery judges and masters in chancery, providing support in legal and administrative matters to ensure efficient and effective case handling.
Colliterales Et Socii is a Latin term that refers to co-guarantors or co-sureties who are jointly liable for a debt or obligation.
Yes, each co-guarantor or co-surety can be held responsible for the entire debt if the primary debtor defaults.
Yes, a co-guarantor or co-surety can be released from Colliterales Et Socii through a release agreement with the creditor or by fulfilling the terms of the guarantee.
If one co-guarantor or co-surety pays the entire debt, they may have the right to seek contribution from the other co-guarantors or co-sureties for their share of the obligation.
Yes, a co-guarantor or co-surety can be sued individually for the full amount of the debt under Colliterales Et Socii.
Yes, a co-guarantor or co-surety can dispute their liability under Colliterales Et Socii if they have valid legal defences, such as fraud or duress.
Yes, if the terms of the guarantee change without the consent of the co-guarantor or co-surety, they may be released from Colliterales Et Socii.
Yes, a co-guarantor or co-surety can be held liable for the debt even if the primary debtor is not able to pay.
Yes, a co-guarantor or co-surety can be held responsible for interest and fees as part of the overall debt obligation.
Yes, a co-guarantor or co-surety may have the right to seek reimbursement from the primary debtor for any amounts paid on their behalf under Colliterales Et Socii.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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