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meditatio fugae

meditatio fugae (med-i-tay-shee-oh fyoo-jee). [Latin] Scots law. The intention of absconding. “When a creditor is in circumstances to make oath or affirmation that his debtor, whether native or foreigner, is in meditatione fugae, in order to avoid the payment of his debt, or where he has reasonable ground for apprehending that the debtor has such […]

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statement of fact

statement of fact. A form of conduct that asserts or implies the existence or nonexistence of a fact. • The term includes not just a particular statement that a particular fact exists or has existed, but also an assertion that, although perhaps expressed as an opinion, implies the existence of some fact or facts that

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offset

offset, n. Something (such as an amount or claim) that balances or compensates for something else; SETOFF. “Both setoff and recoupment existed at common law, but their scope has been modified, expanded, and ultimately merged by subsequent statutory and decisional law. The final equitable concept of ‘offset’ recognizes that the debtor may satisfy a creditor’s

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election of remedies

election of remedies. 1. A claimant’s act of choosing between two or more concurrent but inconsistent remedies based on a single set of facts. [Cases: Election of Remedies 1. C.J.S. Election of Remedies §§ 2–3.] 2. The affirmative defense barring a litigant from pursuing a remedy inconsistent with another remedy already pursued, when that other

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