correality

correality (kor-ee-al-[schwa]-tee), n. The quality or state of being correal; the relationship between parties to an obligation that terminates when an entire payment is made by one of two or more debtors to a creditor, or a payment is made by a debtor to one of two or more creditors.

“But there were circumstances, apart from indivisibility, in which each of the parties might be liable in full…. Several were liable or entitled, each in solidum, under an obligation, but the thing was due only once. Satisfaction by, or to, one of those liable, or entitled, ended the whole obligation, and action by one of the joint creditors, or against one of the debtors, not only ‘novated’ the obligation between the actual parties, but destroyed it altogether as against the others. This relation is commonly called correality (correi debendi vel credendi).” W.W. Buckland, A Manual of Roman Private Law 349–50 (2d ed. 1939).


专业法律词汇 词条贡献者
资深译员Lisa,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与私募股权与投资基金有关的法律文件。
Scroll to Top