Template:Set off capsule: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "One does not exercise a set-off right willy nilly. Unless one is, mutually, settlement netting (where on a given day I owe you a sum, you owe me a sum, and we ''agree'...") |
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One does not exercise a [[set-off]] right willy nilly. Unless one is, mutually, [[settlement netting]] (where on a given day I owe you a sum, you owe me a sum, and we ''agree'' to settle by one of us paying the other the difference) [[set-off]] is a drastic remedy which will be seen as enemy action. You would not do it, without agreement, to any client you expected to keep. So, generally, use [[set-off]] as a remedy it only arises following an [[event of default]] | One does not exercise a [[set-off]] right willy nilly. Unless one is, mutually, [[settlement netting]] (where on a given day I owe you a sum, you owe me a sum, and we ''agree'' to settle by one of us paying the other the difference) [[set-off]] is a drastic remedy which will be seen as enemy action. You would not do it, without agreement, to any client you expected to keep. So, generally, use [[set-off]] as a remedy it only arises following an [[event of default]]. | ||
Latest revision as of 10:36, 27 September 2021
One does not exercise a set-off right willy nilly. Unless one is, mutually, settlement netting (where on a given day I owe you a sum, you owe me a sum, and we agree to settle by one of us paying the other the difference) set-off is a drastic remedy which will be seen as enemy action. You would not do it, without agreement, to any client you expected to keep. So, generally, use set-off as a remedy it only arises following an event of default.