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Generally, full payment to any of the solidary obligees extinguishes the obligation. A common example of solidary obligations for the obligees is a joint bank account; when two or more names are on an account, they are obligees of the bank's obligation to make funds available on demand.
One limitation on the holder's liability in the text of the FTC Holder Rule is that "recovery hereunder by the debtor shall not exceed amounts paid by the debtor hereunder". [6] In other words, the holder's liability to the debtor cannot exceed the amount of the debt actually paid by the debtor to the holder after the note was assigned.
If the debtor or his family didn't have the means to pay then the old rules still applied as outlined in the Twelve Tables, specifically Table III. [4] This section, despite how harsh it may appear to us, was originally developed as a means to protect debtors from the excessive abuses of creditors.
The word stems from the 17th-century verb dun, meaning to demand payment of a debt. [1] See also. Collection agency; Consumer Credit Protection Act;
In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...
Demand was healthy while OPEC kept a tight lid on its supplies, which supported prices. ... and pay dividends ($2.7 billion). It also repaid $500 million of debt at maturity for good measure. It ...
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