Ad computum reddendum is a phrase used in the legal field to refer to the act of presenting a detailed record or explanation of financial activities. This term is commonly employed in the realms of accounting and finance to describe the procedure of providing a comprehensive account. In simpler words, it signifies the act of disclosing the details of money that has been expended or received.
ad computum reddendum is a legal term used to describe the requirement of providing a detailed financial report. In the first example, the company had to submit a report to the government after an audit. Similarly, in the second example, the executor of the estate had to present a report to the beneficiaries to demonstrate the distribution of assets.
Ad Computum Reddendum is a Latin term that refers to the obligation to render an account or make a payment.
It is applicable in situations where one party is required to provide an account of their actions or make a payment to another party.
Failure to comply with Ad Computum Reddendum can result in legal action being taken against the party in breach of the obligation.
Ad Computum Reddendum is enforced through legal proceedings, which may involve a court order requiring the party to provide an account or make a payment.
Ad Computum Reddendum can be waived if both parties agree to do so in writing.
Ad Computum Reddendum specifically refers to the obligation to provide an account or make a payment, whereas other legal obligations may involve different types of actions or duties.
Yes, Ad Computum Reddendum can be included as a provision in a contract to outline the obligations of the parties involved.
Ad Computum Reddendum is a common legal concept in contract law and is often used in commercial and financial transactions.
Evidence of the obligation to provide an account or make a payment, such as a written agreement or communication between the parties, may be required to enforce Ad Computum Reddendum.
Ad Computum Reddendum can be enforced internationally if the parties involved are subject to the jurisdiction of the same legal system or if there are international agreements in place for enforcement.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/ad-computum-reddendum/
- Modern Language Association (MLA):Ad Computum Reddendum. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/ad-computum-reddendum/.
- Chicago Manual of Style (CMS):Ad Computum Reddendum. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/ad-computum-reddendum/ (accessed: May 09 2024).
- American Psychological Association (APA):Ad Computum Reddendum. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/ad-computum-reddendum/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts