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Simple English definitions for legal terms

suit to compel payment

Read a random definition: usance credit

A quick definition of suit to compel payment:

A suit to compel payment is a legal action taken by a surety to force a debtor to pay their outstanding debt to a creditor. This type of lawsuit is typically brought in equity court and may include additional remedies if the debtor has acted fraudulently or is insolvent. The goal of a suit for exoneration is to ensure that the debtor's assets are applied fairly to their outstanding obligations.

A more thorough explanation:

Definition: A suit in equity brought by a surety to compel the debtor to pay the creditor. If the debtor has acted fraudulently and is insolvent, a suit for exoneration may include further remedies to ensure that the debtor's assets are applied equitably to the debtor's outstanding obligations.

Example: John borrowed $10,000 from the bank and his friend Tom acted as a surety for the loan. John failed to repay the loan, and the bank demanded payment from Tom. Tom can file a suit to compel payment against John to recover the amount he paid to the bank on John's behalf.

Explanation: In this example, Tom acted as a surety for John's loan, and when John failed to repay the loan, the bank demanded payment from Tom. To recover the amount he paid to the bank on John's behalf, Tom can file a suit to compel payment against John.

Suits in Admiralty Act | suling

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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