Search results
Results from the WOW.Com Content Network
From these cases, I should collect, that a proposition which, in one sense of it, is indisputably true,— namely, that, if the debtor does [607] not apply the payment, the creditor may make the application to what debt he pleases,—has been extended much beyond its original meaning, so as, in general, to authorise the creditor to make his ...
A solidary obligation, or an obligation in solidum, is a type of obligation in the civil law jurisprudence that allows either obligors to be bound together, each liable for the whole performance, or obligees to be bound together, all owed just a single performance and each entitled to the entirety of it. In general, solidarity of an obligation ...
In law, set-off or netting is a legal technique applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. [1] [2] It permits the rights to be used to discharge the liabilities where cross claims exist between a plaintiff and a respondent, the result being that the gross claims of mutual debt produce a single net claim. [3]
Suppose you take out a 12-month personal loan for the amount you owe — $8,000 — with a 12 percent APR. If you pay off the loan in one year, you reduce the interest cost to just $711.
The court documents reveal that collectively, the five companies owe a total of more than $511 million to creditors. But the actual figure could be even higher, ...
An unsecured creditor does not have a charge over the debtor's assets. [2] The term creditor is frequently used in the financial world, especially in reference to short-term loans, long-term bonds, and mortgage loans. In law, a person who has a money judgment entered in their favor by a court is called a judgment creditor.
3. Plan your withdrawal strategy. Most retirement strategies plan for saving, not spending. So it’s not always easy to remember that there will come a time you have to spend the money you’ve ...
A moral necessity is, as in the case of Lord Plymouth: the receiver's business was to receive the produce of my lord's estate, and remit it to London: for that purpose he must either have remitted it in the manner he did, or brought, or sent it to town in cash, in both of which there was some hazard: it is true, he might have come to town with ...