Joint Debt - Law Dictionary Search Results
partner
partner : one of two or more persons associated as joint principals in carrying on a business for the purpose of enjoying a joint profit : a member of … firm dormant partner : silent partner in this entry general partner : a partner whose liability for partnership debts and obligations is unlimited compare limited partner in this entry lim·it·ed partner : a partner in a venture
Married women's property
exceptions and modifications:- 1) Her freehold estate became his to manage and take the profits of during the joint lives only. After his death, leaving her surviving, it passed to her absolutely; after her death, leaving him … property, real and personal, present and future, to her husband absolutely, so that he might sell, pay his debts out of, give away, or dispose by will of it as he pleased, with these exceptions and modifications:-
partnership
a business for profit as co-owners see also Uniform Partnership Act in the Important Laws section compare corporation, joint venture, sole proprietorship NOTE: Except in civil law as practiced in Louisiana, where a partnership, like a corporation, … members of a family general partnership : a partnership in which each partner is liable for all partnership debts and obligations in full regardless of the amount of the individual partner's capital contribution compare limited partnership in
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Churchwardens
must be according to Canon 89 and s. 13 above, under which they must be chosen by the joint consent of the minister and the meeting, and if they cannot agree, then the meeting is to elect … to have the care of the benefice during its vacancy, or while it is under sequestration for the debts of the incumbent, Prideaux's Churchwardens' Guide; Steer's Parish Law. Churchwardens were ex officio overseers of the poor under
Limitation of actions and prosecutions
any of the others. The same principle is not applicable to an acknowledgement by one of several persons jointly liable. It appears that the acknowledgement of anyone binds them all, Roddam v. Morley, 1 De G & … 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
fund
: a fund established in estate planning to provide for the payment of final expenses by an executor joint wel·fare fund : a fund that is established by collective bargaining to provide health and welfare benefits to … fund : a fund set up and accumulated by regular deposits for paying off the principal on a debt or for other specified purposes (as self-insurance) strike fund : a fund accumulated by a union through special
Debenture
against the liquidator and any creditor of the company unless the charge is registered with the Registrar of Joint Stock Companies in manner prescribed by the Act, within 21 days from the date of execution of the … uncalled capital, or such as would require a bill of sale, on land wherever situate, on company's book debts, or as a floating charge, or on calls made but not paid; on a ship; on goodwill or
Copyhold
for life, but is forfeited by a second marriage or incontinency. The widow's free-bench is barred by a jointure, whether legal or equitable; or by the alienation of the copyhold lands by the husband, or even by … lord's licence he may lease for any number of years. (8) Copyholds are liable to all sorts of debts, by 3 & 4 Wm. 4, c. 104, and the (English) Judgments Act, 1838 (1 & 2 Vict.
Contribution
(19 & 20 Vict. c. 97), s. 5, a co-surety or co-debtor is entitled on payment of the debt to a transfer of the securities held by the creditor. Legatees are sometimes compelled to refund and contribute … Corporation Act, 1957, (66 of 1957), s. 115(4)(a), Proviso] The performance by each of two or more persons, jointly liable by contract or otherwise, of his share of the liability. It frequently arises between sureties, who are
Partnership
not secure for himself the limitation of liability until the limited partnership is registered with the Registrar of Joint Stock Companies, the registration being effected (s. 8) by the delivery of a statement, signed by the partners, … by which the judgment creditor of a partner, instead of being able to execute not only against his debtor's separate property but also against the property of the firm, may obtain only an order charging the partner's
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