Mutual Debts - Law Dictionary Search Results
Contract
enforce-able at law,' but contended that this definition seems rather too narrow. Every contract is founded upon the mutual agree-ment of the parties; the other essentials are legality, capacity (depending on age, mental ability, sex and status) … (English) Bills of Exchange Act,1882 (45 & 46 Vict. c. 61), s. 17, Copyright Act, 1911. Acknowledgements of debt barred by the Statute of Limitations. Representations as to credit, 9 Geo. 4, c. 14, s. 1; (English)
Insurance
made is not disclosed. the third species of company is that which is formed on the basis of mutual insurance. In this there is no proprietary body distinct from the assured; the latter share among themselves the … of his or her wife, husband, or children, the policy moneys are not subject to his or her debts, unless an intent to defraud creditors be proved. A husband has an insurable interest in the life in
Instalment
instalment is not a penalty, and there is no objection to it in point of law, Wallingford v. Mutual Society, (1880) 5 App Cas 685. Where, in a county Court, judgment has been obtained for not more … Instalment, a portion of a debt. When a debt is divided into two or more parts, payable at different times, each part is called
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Account or Accompt
Bac. Ab. 'Account.' Prior to the (English) Judicature Act, 1873, Equity entertained suits for accounts when they were mutual, i.e. where there existed a series of expenditures on one side, and of payments on the others, and … Account or Accompt [fr. compte, Fr., computo, Lat.], a registry of debts, credits, and charges, or a detailed statement of a series of receipts (credits) and disbursements (debits) of money-which
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