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Simple English definitions for legal terms

concursus debiti et crediti

Read a random definition: ordinary standing rule

A quick definition of concursus debiti et crediti:

Concursus debiti et crediti: This is a legal term used in Scots law which means when someone owes money to another person and that person also owes money to the first person, they can use this to cancel out the debts. For example, if A owes B £10 and B owes A £5, they can use concursus debiti et crediti to cancel out the debts and A only needs to pay B £5. However, if a company is involved, it is treated as a separate person and cannot use this to cancel out debts.

A more thorough explanation:

Definition: Concursus debiti et crediti is a Latin term used in Scots law that refers to the running together of debt and credit. It is necessary to support a plea of compensation, where the parties must be debtor and creditor, each in their own right and at the same time.

Example: If A sues B for payment of a debt due by him, B may plead in compensation a debt due to him by A, and here there is the necessary concurrence. However, if the firm of which A is a partner sues B for a debt due by him to them, and B pleads in compensation on the ground of a private debt due by A, the plea will not be sustained, for there is no concursus. This is because a company is regarded by the law as a separate person.

This means that in order for a plea of compensation to be valid, there must be a concurrence of debt and credit between the parties involved. If there is no concursus, the plea will not be sustained.

concursus | concursus in delicto

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Dkk
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SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
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Maybe, but if this is populism, then every election is populist.
19:43
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Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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