Mutual Debts - Law Dictionary Search Results
Mutual debts
Matched in: Term Mutual debts
Mutual dealing
Matched in: Term Mutual dealing
Set-off
Geo.2, c. 22, and had no existence at Common Law, and could only be pleaded in respect of mutual debts of a definite character, and did not apply to a claim founded in damages, or in the nature
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pledge
other obligation [pledged his car as collateral for the loan] 2 : to bind by a pledge [we mutually to each other our lives, our fortunes and our sacred honor "Declaration of Independence"] 3 : to assure … pledge 1 : a delivery of esp. personal property as security for a debt or other obligation ;broadly : the perfection of a security interest in collateral through possession of the collateral
Confusion
extinguishing a debt, in the French law, by the concurrence in the same person of two qualities which mutually destroy one another. This may occur in several ways, as where the creditor becomes the heir of the … Confusion, a mode of extinguishing a debt, in the French law, by the concurrence in the same person of two qualities which mutually destroy one
mutuality
mutuality : the quality or state of being mutual: as a : the quality of a contract under which … the quality of a contract under which both parties are bound by obligations b : the state of debts for purposes of set-off under bankruptcy law in which the debts are owed between the same parties standing
fund
management paid-in fund : a reserve cash fund in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses sink·ing fund : a fund set up and accumulated by regular deposits … 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
Court-leet
within their jurisdiction; and not only to present, but also to punish all trivial misdemeanours, as all trivial debts were recover-able in the court-baron and county court, Steph. Com., Book VI., Ch. xiv. The lord was compellable … frank pledges, that is, the freemen within the liberty who, according to the institution of Alfred, were all mutually pledged for the good behaviour of each other. It was anciently the custom to summon all the king's
Exchange
Exchange, a contract of sale denotes a transfer of property in goods by mutual consent. Such a transfer of ownership must be in relation to transfer from one person to another. The … negotiations, both by sea and land. Also used to designate that species of mercantile transactions by which the debts of individuals residing at a distance from their creditors are satisfied without the transmission of actual money. Also
Consideration
as to 'shock the conscience,' equity would quash the contract, upon the ground that such great inequality betokens mutual mistake, or fraud or undue advantage on the one side, or mental incompetency on the other, and, inequity, … if A. owes B. 100l. and B. agrees to take and takes 90l. in full satisfaction for the debt, without any other or fresh consideration, B. can nevertheless sue A. for the remaining 10l. See also Williams
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