Connection lost
Server error
Every accomplishment starts with the decision to try.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - mutuary
The end of law is not to abolish or restrain, but to preserve and enlarge freedom.
✨ Enjoy an ad-free experience with LSD+
Definition of mutuary
Definition: A mutuary is a person who receives property in a mutuum. A mutuum is a type of loan where the borrower is obligated to return the same amount of property, not just the same value.
Example: John borrows 10 apples from Mary in a mutuum. Mary is the mutuant, and John is the mutuary. John is obligated to return 10 apples, not just 10 apples' worth of value.
The example illustrates the definition by showing how a mutuum works and who the mutuary is in the transaction.
Success in law school is 10% intelligence and 90% persistence.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
Term: MUTUARY
Definition: A mutuary is someone who receives property through a mutuum, which is a type of loan where the borrower is obligated to repay the same amount of property or goods borrowed. It is important to note that a mutuary is not the same as a mutuant, who is the borrower in a mutuum.
Where you see wrong or inequality or injustice, speak out, because this is your country. This is your democracy. Make it. Protect it. Pass it on.
✨ Enjoy an ad-free experience with LSD+