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Simple English definitions for legal terms

Setoff

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A quick definition of Setoff:

Setoff: Setoff is when someone who owes money can subtract any money owed to them from the debt they owe. It can also refer to a defendant's request for money from the plaintiff for a different reason than the plaintiff's claim.

A more thorough explanation:

Definition: Setoff is a legal right that allows a person who owes money to subtract from the debt any money owed in the other direction. It can also refer to a defendant's monetary demand against the plaintiff for some injury unrelated to the plaintiff's claim.

Example 1: John owes $500 to Jane for a loan she gave him. However, Jane also owes John $200 for some work he did for her. In this case, John can use the setoff right to subtract the $200 from the $500 he owes Jane, and he only needs to pay her $300.

Example 2: In a lawsuit, the plaintiff is seeking $10,000 in damages from the defendant for a car accident. However, the defendant claims that the plaintiff owes him $5,000 for some repairs he did on the plaintiff's car before the accident. The defendant can use the setoff right to demand that the plaintiff pays him the $5,000 before any damages are awarded.

These examples illustrate how setoff works in different situations. It allows for a fair and balanced resolution of debts and claims between parties.

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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