Business Terms and Jargon Explained

What is In solidum

Legalese Explained: A legal Latin term used in the UK legal system to mean "for the whole".
For example
In the case of a company, if one of the directors breaks an agreement or the law all the directors are liable for the actions of the one as they are in solidum. Any one of the directors can be picked and sued for the full amount.

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Term created / updated 2013-07-02 09:38:22

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