benefit of division

benefit of division. Civil law. A surety’s right to be sued only for a part of the debt proportionate to the number of solvent cosureties. — Also termed (in Roman law) beneficium divisionis; (in French law) bénéfice de division; (in Scots law) right of division. [Cases: Principal and Surety 66, 168, 169. C.J.S. Principal and Surety §§ 72, 218–219.]

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词条贡献者

译者Virginia，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，擅长翻译各种与私募股权融资相关的法律文件。