SOCIETAS LEONINA

societas leonina

societas leonina (s[schwa]-sI-[schwa]-tas lee-[schwa]-nI-n[schwa]). [Latin “partnership with a lion”] Roman law. An illegal partnership in which a partner shares in only the losses, not the profits; a partnership in which one person takes the lion’s share. — Also termed leonina societas. “But an arrangement by which one party should have all the gain was not […]

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