GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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20:57 Jul 22, 2008 |
Croatian to English translations [PRO] Law/Patents - Law (general) | |||||||
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| Selected response from: Zara5 (X) Croatia Local time: 15:42 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +4 | settlement |
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4 +2 | set-off |
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set-off Language variant: set off Explanation: I believe set-off is the proper term in this context. In law, a set-off is a statutory defense to the whole or to a portion of a plaintiff's claim. The matters which may be set off, may be mutual liquidated debts or damages, but unliquidated damages cannot be set off. The statutes refer only to mutual unconnected debts; for at common law, when the nature of the employment, transaction or dealings necessarily constitute an account consisting of receipts and payments, debts and credits, the balance only is considered to be the debt, and therefore in an action, it is not necessary in such cases either to plead or give notice of set-off. I hope this helps. Reference: http://en.wikipedia.org/wiki/Set-off_%28law%29 Reference: http://www.lectlaw.com/def2/s149.htm |
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9 hrs confidence: peer agreement (net): +4
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