20:49
THATS SO FUNNY
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
quoad reliquum
Read a random definition: living will
A quick definition of quoad reliquum:
Term: QUOAD RELIQUUM
Definition: Quoad reliquum means "with regard to the remainder" in Latin. In legal terms, it refers to a situation where a debtor owes money to a creditor and claims that they have already paid some of the debt. If the court agrees, the creditor's right to sue for the amount already paid falls, but they can still sue for the remaining amount.
A more thorough explanation:
Definition: Quoad reliquum (kwoh-ad rel-uh-kwuhm) is a Latin term used in legal contexts to refer to the remainder of a debt or obligation after a partial payment or compensation has been made. It means "with regard to the remainder."
For example, if a debtor owes a creditor $1000 and the debtor pleads compensation for $500, quoad the sum due to him, the creditor's right of action falls for that $500. However, quoad reliquum, after making deduction of the sum pled in compensation, the creditor's right of action remains for the remaining $500.
This term is used to clarify the extent of a creditor's right to pursue legal action against a debtor after a partial payment or compensation has been made.