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Maxim

published 25 only. His Introduction to them begins with the celebrated 'I hold every man to be a debtor to his own profession.'

Imprisonment

been placed under supervision (s. 6). Imprisonment for Debt.--As to this, before 1870, see MESNE PROCESS. The (English) Debtors Act, 1869 (32 & 33 Vict. c. 62) (see Chitty's Statutes, tit. 'Debt'), by s. 4, abolished imprisonment

Indefinite payment

Indefinite payment, where a debtor owes several debts to a creditor, and makes a payment, without specifying to which of the debts it

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Inhibition

and 237, and Fortescue-Brickdale and Stewart Wallace, 'Land Registration.' In the Scots Law: (1) A writ whereby the debtor or party inhibited is prohibited from contracting any debt which may become a burden on his heritable property.

Inspectorship, Deed of

Inspectorship, Deed of, an instrument entered into between an insolvent debtor and his creditors, appointing one or more person or persons to inspect and oversee the winding up of

Institutions

charitable or benevolent institution, or literary and scientific institutions. (4) In the Civil Law, the appointment of a debtor as heir--i.e., to carry on the legal existence, the persona of the testator. By the (English) Factory and

Jus retractus

(1) The right of certain relatives of one who has sold immovable property to repurchase it. (2) A debtor's right, upon sale of the debt by the creditor, to have a third person redeem it within a

Levari facias

Levari facias (that you caused to be levied), a writ of execution at Common Law, commanding the sheriff to levy or make of the lands and chattels of the judgment-debtor the sum recovered by the judgment....

Limitation of actions and prosecutions

claims by other means which may be still available, such as enforcing a lien, subsequent acknowledgment by the debtor or appropriation of payments, but not by way of set-off (9 Geo. 4, c. 14, s. 3). In

Loan

and a deposit is that in the case of a loan it is ordinarily the duty of the debtor to seek out the creditor and to pay the money according to the agreement. In the case of

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