General Creditor - Law Dictionary Search Results
Marshalling
36; 2 ibid., p. 109 et seq. The doctrine of marshalling in relation to mortgages results in the general rule that where an owner of several properties has mortgaged them to the same person and afterwards deals … the assets are liable to be applied for the payment of any debt, marshalling assets in favour of creditors is no longer necessary, but it may sometimes be required between legatees when some of the legacies are
interest
protecting the public) which is so important that it outweighs individual rights public interest 1 a : the general welfare and rights of the public that are to be recognized, protected, and advanced [the attorney general has … personal property or fixtures created by a security agreement that secures payment or performance of an obligation [the creditor had a security interest in the inventory and accounts receivable of the business] called also Article Nine security
Partnership
not a limited partner is a 'general partner,' and there must be in the partnership at least one general partner who is liable for all debts and obligations of the firm (s. 3). The partners will be … of 1890 is mainly declaratory. The chief amendment is that of the 23rd s., by which the judgment creditor of a partner, instead of being able to execute not only against his debtor's separate property but also
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mortgage
those imposed by law fixed rate mortgage : a mortgage having an interest rate that stays the same general mortgage in the civil law of Louisiana : a blanket mortgage that burdens all present and future property
Mortgage
(English) Real Estate Charges Act, 1867 (30 & 31 Vict. c. 69), provides that in construing wills a general direction to pay debts out of personalty shall not include mortgage debts, unless an intention to that effect … [fr. mort, Fr., dead, and gage, pledge], a deed pledge; a thing put into the hands of a creditor. A mortgage is the creation of an interest in property, defeasible (i.e., annullable) upon performing the condition of
Advertisement
the purpose of advertising the amenities of the district. Includes any form of advertising whether to the public generally or to any section of the public or individually to selected persons. [Transplantation of Human Organs Act, 1994 … 63, s. 5. As to the protection afforded to Trustees and Personal Representatives by issuing an advertisement for creditors before distributing any real or personal property, see (English) Trustee Act, 1925, s. 27, amended by the (English)
Limitation of actions and prosecutions
seas within the meaning of 4 & 5 Anne, c. 16.' As to real property, there are four general cases when the possession is not adverse, viz.:--1st, when both parties claim under the same title; 2ndly, when … or proceedings taken. In the case of simple contract the remedy on the contract is barred, leaving the creditor free to enforce his claims by other means which may be still available, such as enforcing a lien,
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