Define: Indebitum

Indebitum
Indebitum
Quick Summary of Indebitum

In Roman law, indebitum refers to a type of debt that is not actually owed. If someone pays money for a debt that doesn’t exist, they can recover that money through a legal action called condictio indebiti. This is distinct from a real debt, known as debitum. For instance, if someone pays for a conditional debt and the condition is not met, they can recover that payment as an indebitum.

Full Definition Of Indebitum

Indebitum refers to a form of debt in Roman law that is not genuinely owed. In the event that an individual makes a payment for a non-existent debt, they have the option to reclaim that money through a legal procedure known as condictio indebiti. For example, if someone mistakenly pays a bill that they are not obligated to pay, they can utilise condictio indebiti to retrieve the payment. In the case of paying a utility bill for a property they no longer possess, they can recover that payment as indebitum.

Indebitum FAQ'S

– “Indebitum” is a Latin term that refers to a debt or obligation owed by one party to another.

– Yes, a creditor can pursue legal action to collect a debt or obligation owed to them.

– Failing to repay indebitum can result in legal action, such as a lawsuit, wage garnishment, or asset seizure.

– In some cases, indebitum can be discharged in bankruptcy, depending on the specific circumstances and type of debt.

– You can dispute indebitum claims by providing evidence that the debt is not valid or that you do not owe the amount claimed.

– Yes, there is a statute of limitations for indebitum claims, which varies by state and type of debt.

– Yes, a creditor can transfer indebitum to a collection agency for further collection efforts.

– As a debtor, you have rights under the Fair Debt Collection Practices Act, which protects you from abusive or unfair debt collection practices.

– Yes, you can negotiate a settlement with the creditor or collection agency to repay indebitum for a reduced amount.

– It is advisable to consult with a lawyer if you are facing legal action for indebitum or need assistance in disputing the debt.

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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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