Mutual Debts - Law Dictionary Search Results
Mutual debts
Mutual debts, money due on both sides between two persons.-See SET-OFF; and
Set-off
Common Law, and could only be pleaded in respect of mutual debts of a definite character, and did not apply to a
Mutual dealing
Mutual dealing, Mutual Credit or mutual dealings under s. 46, Provincial … means reciprocal demands which must be naturally terminated in a debt. In a case where there are reciprocal demands available by
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pledge
the loan] 2 : to bind by a pledge [we mutually to each other our lives, our fortunes and our sacred … a delivery of esp. personal property as security for a debt or other obligation ;broadly : the perfection of a security
Confusion
the concurrence in the same person of two qualities which mutually destroy one another. This may occur in several ways, as … Confusion, a mode of extinguishing a debt, in the French law, by the concurrence in the same
mutuality
mutuality : the quality or state of being mutual: as a … parties are bound by obligations b : the state of debts for purposes of set-off under bankruptcy law in which the
fund
in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses sink·ing fund : a … by regular deposits for paying off the principal on a debt or for other specified purposes (as self-insurance) strike fund :
Consideration
the contract, upon the ground that such great inequality betokens mutual mistake, or fraud or undue advantage on the one side, … to take and takes 90l. in full satisfaction for the debt, without any other or fresh consideration, B. can nevertheless sue
Instalment
no objection to it in point of law, Wallingford v. Mutual Society, (1880) 5 App Cas 685. Where, in a county … Instalment, a portion of a debt. When a debt is divided into two or more parts,
Contract
seems rather too narrow. Every contract is founded upon the mutual agree-ment of the parties; the other essentials are legality, capacity … Vict. c. 61), s. 17, Copyright Act, 1911. Acknowledgements of debt barred by the Statute of Limitations. Representations as to credit,
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