subrogation

subrogation
The substitution of one person in the place of another with reference to a lawful claim, demand or right, so that he who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies, or securities. Gerken v. Davidson Grocery Co., 57 Idaho 670, 69 P.2d 122, 126.
Subrogation denotes the exchange of a third person who has paid a debt in the place of the creditor to whom he has paid it, so that he may exercise against the debtor all the rights which the creditor, if unpaid, might have done. Subrogation appears commonly in construction contracts, insurance contracts, suretyship, and negotiable instrument law.
Insurance companies, guarantors and bonding companies generally have the right to step into the shoes of the party whom they compensate and sue any party whom the compensated party could have sued. The right of one who has paid an obligation which another should have paid to be indemnified by the other. Olin Corp. (Plastics Division) v. Workmen's Compensation Appeal Bd., 14 Pa.Cmwlth. 603, 324 A.2d 813, 816.
A device adopted by equity to compel ultimate discharge of an obligation by him who in good conscience ought to pay it. Jenks Hatchery, Inc. v. Elliott, 252 Or. 25, 448 P.2d 370, 373.
Subrogation is of two kinds, either conventional or legal; the former being where the subrogation is express, by the acts of the creditor and the third person; the latter being (as in the case of sureties) where the subrogation is effected or implied by the operation of the law.

Black's law dictionary. . 1990.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Subrogation — is the legal technique under the common law by which one party, commonly an insurer (I X) of another party (X), steps into X s shoes, so as to have the benefit of X s rights and remedies against a third party such as a defendant (D). Subrogation… …   Wikipedia

  • subrogation — [ sybrɔgasjɔ̃ ] n. f. • 1401; lat. subrogatio ♦ Dr. Substitution d une personne à une autre dans une relation juridique (subrogation personnelle); transmission à une chose des qualités juridiques de celle qu elle remplace dans un patrimoine ou… …   Encyclopédie Universelle

  • subrogation — sub·ro·ga·tion /ˌsə brō gā shən/ n 1: an equitable doctrine holding that when a third party pays a creditor or obligee the third party succeeds to the creditor s rights against the debtor or obligor; also: a doctrine holding that when an… …   Law dictionary

  • subrogation — Subrogation. s. f. v. Acte par lequel on subroge. Requeste de subrogation. il a consenti à la subrogation. la subrogation asseure mon hypotheque …   Dictionnaire de l'Académie française

  • Subrogation — ist ein Begriff aus dem Versicherungsrecht. Für einen Schaden ist gelegentlich mehr als eine Partei haftbar. Beispielsweise kann bei einem Arbeitsunfall eine Krankenversicherung, eine Berufsunfallversicherung, ein Hersteller eines Produktes nach… …   Deutsch Wikipedia

  • Subrogation — Sub ro*ga tion, n. [Cf. F. subrogation, LL. subrogatio.] The act of subrogating. Specifically: (Law) The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which… …   The Collaborative International Dictionary of English

  • Subrogation — (Surrogation, lat.), die Einsetzung eines neuen Berechtigten in die Stelle des bisherigen, das Nachrücken eines andern an die Stelle des bisherigen. z. B. ein späterer Hypothekengläubiger findet den frühern Hypothekengläubiger ab und tritt… …   Meyers Großes Konversations-Lexikon

  • Subrogation — Subrogation, Surrogation (lat.), die Einsetzung an eines andern Stelle …   Kleines Konversations-Lexikon

  • Subrogation — Subrogation, Unterschiebung, Einsetzung in die Stelle eines andern; daher subrogiren, einsetzen etc …   Herders Conversations-Lexikon

  • subrogation — [sub΄rō gā′shən, sub΄rəgā′shən] n. 〚ME subrogacioun < ML subrogatio < L subrogatus〛 a subrogating; esp., the substitution of one creditor for another, along with a transference of the claims and rights of the old creditor * * * sub·ro·ga·tion… …   Universalium

  • subrogation — The legal right that a person or corporation has when he pays someone s debt to recover that money from the debtor. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”