11:41
Woah, I got little balls. Like Adam Friedland. I ain't no Stavros.
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LSDefine
Simple English definitions for legal terms
au besoin
Read a random definition: transfer-on-death deed
A quick definition of au besoin:
Term: AU BESOIN
Definition: Au besoin is a French phrase that means "in case of need." It is used in a bill of exchange to indicate who is responsible for payment if the drawee fails to pay. For example, the phrase "au besoin, chez Messrs. Garnier et DuCloux" means "in case of need, apply to Messrs. Garnier and DuCloux."
A more thorough explanation:
AU BESOIN
AU BESOIN is a French term that means "in case of need". It is commonly used in a bill of exchange to indicate who is responsible for payment if the drawee fails or refuses to pay.
A bill of exchange may include the phrase "au besoin, chez Messrs. Garnier et DuCloux". This means that if the drawee is unable to pay, the holder of the bill can apply to Messrs. Garnier and DuCloux for payment.
For instance, if a company issues a bill of exchange to another company for payment of goods, and the drawee fails to pay, the holder of the bill can apply to Messrs. Garnier and DuCloux for payment, as indicated by the phrase "au besoin" in the bill of exchange.