Debitum in praesenti solvendum in futuro: This phrase in Latin describes a situation where you currently have a debt to someone, but you are not required to repay it until a later time. It is similar to borrowing money from a friend and agreeing to reimburse them in the following month. The debt already exists, but the payment is postponed to the future.
Debitum in praesenti solvendum in futuro is a Latin phrase that describes a debt or obligation that is currently contracted but will be paid at a later date. This term applies to situations where the debt or obligation is fully established at the time of agreement, but the actual payment or performance is postponed until a future period. A loan agreement serves as an example of debitum in praesenti solvendum in futuro. When an individual borrows money, they enter into a debt that is finalized at the moment of agreement. However, the repayment of the loan cannot be demanded until a later date, often with added interest. Another instance is a service contract. When a company hires a contractor to provide a service, they establish a debt that is complete upon agreement. Nevertheless, the payment for the service cannot be demanded until the service is fully rendered. These examples effectively demonstrate the concept of debitum in praesenti solvendum in futuro as they involve a present debt or obligation that is fully established at the time of agreement, but the actual payment or performance is deferred until a future time.
“Debitum In Praesenti Solvendum In Futuro” is a Latin legal term that translates to “a debt to be paid in the future, but currently due.” It refers to a situation where a debt is owed and must be paid at a later date, but the obligation to pay exists in the present.
Yes, “Debitum In Praesenti Solvendum In Futuro” is enforceable in court. It is a recognized legal concept that establishes a valid debt obligation, and if the debtor fails to fulfill their payment obligation, the creditor can seek legal remedies.
Yes, “Debitum In Praesenti Solvendum In Futuro” can be used in various types of debts, including loans, contracts, and other financial obligations. It is a flexible legal concept that can be applied to different situations where a debt is owed.
If the debtor fails to pay the debt in the future as agreed, the creditor can take legal action to enforce the debt. This may involve filing a lawsuit, obtaining a judgment, and pursuing collection efforts such as garnishing wages or seizing assets.
Yes, “Debitum In Praesenti Solvendum In Futuro” can be modified or canceled if both parties agree to the changes. However, any modifications or cancellations should be documented in writing and signed by both the debtor and the creditor to ensure legal validity.
Yes, “Debitum In Praesenti Solvendum In Futuro” is applicable to both individuals and businesses. It can be used in various contexts, such as personal loans, commercial contracts, or business transactions.
Yes, interest can be charged on a debt governed by “Debitum In Praesenti Solvendum In Futuro” if it is agreed upon by both parties. The terms and conditions regarding interest should be clearly stated in the agreement or contract.
Yes, “Debitum In Praesenti Solvendum In Futuro” can be transferred or assigned to another party if the original creditor agrees to the transfer. This is often done through a legal process called assignment, where the rights and obligations of the debt are transferred to a new creditor.
Yes, “Debitum In Praesenti Solvendum In Futuro” can be discharged through bankruptcy if the debtor meets the requirements for bankruptcy relief. However, the specific rules and procedures regarding debt discharge in bankruptcy may vary depending on the jurisdiction.
While “Debitum In Praesenti Solvendum In Futuro” is a valid legal concept, there may be limitations or restrictions imposed by local laws or regulations. It is advisable to consult with a legal professional to ensure compliance with applicable laws and to understand any specific requirements or limitations.
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: 17th April 2024.
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