Debitum subesse, a Latin term, translates to “the debt is due.” It is commonly used in historical contexts to signify the necessity of repaying a debt. In simpler terms, it indicates that someone owes money and must settle the debt.
Debitum subesse, a Latin term meaning “the debt is due,” is a legal principle that recognises the obligation to repay a debt. When a borrower signs a loan agreement, they acknowledge their responsibility to repay the lender. Similarly, when a company purchases goods or services on credit, they incur a debt to the supplier. These instances exemplify the concept of debitum subesse as they involve a debtor owing money to a creditor. In both scenarios, the debt is legally acknowledged and must be settled in accordance with the agreed-upon terms.
Debitum Subesse is a Latin legal term that translates to “a debt is due.” It refers to the legal obligation to pay a debt.
The consequences of Debitum Subesse include the creditor’s right to pursue legal action to collect the debt, such as filing a lawsuit or seeking a judgment.
Debitum Subesse is enforced through legal means, such as court proceedings, wage garnishment, or asset seizure.
A debtor can dispute Debitum Subesse by providing evidence that the debt is not valid or that it has already been paid.
The time limits for enforcing Debitum Subesse vary depending on the jurisdiction and the type of debt. It is important to consult with a legal professional to understand the specific time limits that apply.
A creditor can waive Debitum Subesse by forgiving the debt or entering into a settlement agreement with the debtor.
Legal defences against Debitum Subesse may include statute of limitations, lack of evidence of the debt, or discharge in bankruptcy.
In most cases, failing to satisfy Debitum Subesse is a civil matter, not a criminal one. However, there are some situations where non-payment of a debt can lead to criminal charges, such as in cases of fraud or embezzlement.
In some cases, a debtor can still be pursued for a debt that is past the statute of limitations, depending on the specific circumstances and the laws of the jurisdiction. It is important to seek legal advice in such situations.
Debtors can protect themselves from Debitum Subesse by staying informed about their rights and obligations, seeking legal advice when necessary, and fulfilling their financial responsibilities in a timely manner.
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.
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/debitum-subesse/
- Modern Language Association (MLA):Debitum Subesse. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/debitum-subesse/.
- Chicago Manual of Style (CMS):Debitum Subesse. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/debitum-subesse/ (accessed: May 09 2024).
- American Psychological Association (APA):Debitum Subesse. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/debitum-subesse/
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