Discharge From Liability - Law Dictionary Search Results

Discharge from liability

Matched in: Term Discharge from liability

Discharged from liability

Matched in: Term Discharged from liability

dischargeable debt

dischargeable debt A debt for which the Bankruptcy Code allows the debtor's personal liability to be eliminated. Source: Administrative

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a person or estate that is subject to a liability for which the surety is secondarily liable to discharge the liability thus relieving the surety ;also : the equitable remedy by which the surety compels discharge of

Borne by the owner

Borne by the owner, the amount of tax which the owner is liable to discharge as stated in the proviso to s. 23(1) of the Act, i.e., the liability to pay tax imposed

Breach of trust

Court, if a trustee has acted honestly and reasonably and ought fairly to be excused, to discharge him from liability. Further, the Trustee Act, 1888, s. 8, allows a trustee to plead the Statute of Limitations except incases

Winding-up

applied to the winding-up of joint-stock companies. The property of a company is collected and distributed firstly in discharge of its liabilities, and secondly, among its members according to their respective rights with a view to its … (s. 156). In any winding-up the members who may be called upon to contribute are ascertained and their liability determined under ss. 157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if

Expenditure

It covers a liability which has accrued or which has been incurred although it may have to be discharged at a future date. However, a contingent liability which may have to be discharged in future cannot be

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Discharge From Liability - Law Dictionary Search Results