To set off meaning. Setoff 2019-02-07

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What does set off mean?

to set off meaning

The defendant may assert a counterclaim against the plaintiff based on an event or transaction other than the event or transaction that forms the basis of the plaintiff's suit. But in both this example and the second example, offset is used as a stative verb. But when an act of congress authorizes such set-off, it may be made. Whereas a set-off is based on a different claim, recoupment is a common-law remedy based specifically on the contract between the plaintiff and defendant that gave rise to the suit. A set-off was unknown to the common law, according to which mutual debts were distinct and inextinguishable except by actual payment or release.


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and

to set off meaning

Search of set-off and thousands of other words in English definition and synonym dictionary from Reverso. Vide Compensation; also Montagu on Set-off; Babington on Set-off; 3 Stark. Cashier: You guys sure are funny. Oftentimes defaulting debtors will claim that they have not paid their obligations because of a right of setoff against injuries suffered as a result of wrongdoing by the creditor. Besides this is a bookstore in Compton.

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Urban Dictionary: Set it off

to set off meaning

Like all counterclaims, set-off and recoupment seek to achieve justice by the plaintiff's and the defendant's rights. In customary practice the plaintiff files the suit and the defendant answers it. In general, when the government is plaintiff, no set-off will be allowed. You can complete the definition of of set-off given by the English Definition dictionary with other English dictionaries: Wikipedia, Lexilogos, Oxford, Cambridge, Chambers Harrap, Wordreference, Collins Lexibase dictionaries, Merriam Webster. Cashier: Im not dening your locness but if you get this money im fired and then i wont have a reason to live.

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Urban Dictionary: Set it off

to set off meaning

The matters which may be set off, may be mutual liquidated debts or damages, but unliquidated damages cannot be set off. By contrast, use of offset as a dynamic verb is unorthodox. The set-off is available to defendants in civil lawsuits. They can also save time and money. The set-off has two distinctive features.

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of set

to set off meaning

. Set-off is limited to money claims and is a ground of defence rather than a substantive claim. Some jurisdictions limit the right of setoff; for example, the United States does not allow it to apply for or debt. A pop punk, orchestral rock, and alternative rock band. Jungle's ak spits at cashier feet. The statute being made for the benefit of the defendant, is not compulsory; 8 Watts, R. Judgments in the same rights may be set off against each other at the discretion of the court.

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Set off alarm bells

to set off meaning

By contrast, in the example that prompted this post, offset is used as a dynamic verb. Why does this matter to us? See 9 Cranch, 313; Paine, 156. Generally, civil actions are brought by plaintiffs seeking an award of damages for injuries caused by the defendant. 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. It allows defendants to claim damages against the plaintiff under two conditions: where the plaintiff has not complied with some contractual obligation or where the plaintiff has violated some duty that the law imposed in the making or performance of the contract. The ability of a to reduce the amount of one's by an amount the owes to the debtor. Lenders with bank deposits in the name of their borrower may set off the bank account against the mortgage debt if there is a default.

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What is SET

to set off meaning

Loc Dogg: Mah man Jungle. Use of offset as a stative verb in legal contexts matches its colloquial use, as in My curiosity was offset by my shyness. Imma set yo ass off. It must be based on an entirely different claim from that of the plaintiff, and it must be a valid legal claim that the defendant could bring as a separate suit. Set-off takes place only in actions on contracts for the payment of money, as assumpsit, debt and covenant.


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Set off financial definition of set off

to set off meaning

In , the right of a to seize a held at that bank if a is in or near default. I kno whitey aint talking baq now. They were influenced by band like Fall Out Boy and All Time Low, and gained a following through the main vocalists youtube channel. Though, they refer to themselves as orchestral pop-punk. A set-off is not allowed in actions arising ex delicto, as, upon the case, trespass, replevin or detinue. They are designed to prevent a plaintiff from recovering complete damages from a defendant who has suffered injury or damages caused by the plaintiff.

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Urban Dictionary: Set it off

to set off meaning

Set-Off A demand made by the defendant against the plaintiff that is based on some transaction or occurrence other than the one that gave the plaintiff grounds to sue. For example, the defendant in the stereo store's action might demand recoupment for the store's failure to service the stereo under its. That being the case, it make sense, for the sake of consistency, to stick with the noun form, setoff, too. By combining the entire controversy within one action, recoupment and set-off prevent the courts from being inundated with multiple lawsuits. Recoupment usually occurs in cases where the plaintiff has performed only a portion of the contract and sues for compensation for the partial performance. It seems, however, that in some cases of intestate estates, and of insolvent estates, perhaps owing to the peculiar wording of the law, the statute has been held to operate on the rights of the parties before action brought, or an act done by either of them. The remedy of recoupment is similar in effect to a set-off but differs from it in several respects.

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Set

to set off meaning

Was this realli a smart idea. A set-off is a counterclaim with the particular goal of defeating or diminishing the amount the defendant will have to pay if the plaintiff's suit succeeds. . . . .

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