PLENE COMPUTAVIT is a Latin phrase that signifies “he has fully accounted”. It was employed in ancient legal proceedings to address allegations of incomplete disclosure of financial transactions. Essentially, it indicates that the accused individual has provided a comprehensive and precise account of their monetary dealings.
Plene computavit, a Latin term used in law, refers to the act of fully accounting for financial transactions. It is commonly used as a plea in cases where a defendant is accused of not providing a complete account of their financial activities. For instance, a personal representative may prepare an accounting report that includes all property, income, and expenses, which is then submitted to the probate court. In another scenario, a plaintiff may sue a defendant to compel them to account for and repay money owed to the plaintiff but held by the defendant. Additionally, partners in a business may utilise plene computavit to resolve partnership matters related to partner misconduct or the winding up of the business. These examples demonstrate the various legal contexts in which plene computavit is employed to address financial transactions and resolve financial disputes.
Plene Computavit is a Latin term used in legal contexts to refer to a legal action or claim for the full amount of a debt owed, including both the principal amount and any accrued interest.
Plene Computavit is specifically used in cases where the debtor has failed to pay the full amount owed, and the creditor seeks to recover the entire outstanding debt, including interest.
Plene Computavit can be used in various types of debts, such as loans, mortgages, credit card debts, or any other financial obligations where the debtor has failed to pay the full amount owed.
The purpose of filing a Plene Computavit claim is to ensure that the creditor receives the full amount owed, including any interest that has accrued over time. It allows the creditor to seek complete restitution for the debt.
The interest in a Plene Computavit claim is typically calculated based on the agreed-upon interest rate or the statutory rate specified by the applicable laws. The interest is calculated from the date the debt became due until the date of the claim.
Yes, a debtor can dispute a Plene Computavit claim by providing evidence or arguments to challenge the validity of the claim, such as disputing the amount owed or the calculation of interest. It is advisable for debtors to seek legal advice in such situations.
If a Plene Computavit claim is successful, the court may issue a judgment in favor of the creditor, ordering the debtor to pay the full amount owed, including interest. Failure to comply with the judgment may result in further legal consequences for the debtor.
Yes, a Plene Computavit claim can be settled out of court through negotiation or mediation between the creditor and debtor. In such cases, the parties may agree on a reduced amount or a payment plan to resolve the debt.
The time limitations for filing a Plene Computavit claim may vary depending on the jurisdiction and the type of debt involved. It is important to consult with a legal professional to determine the applicable statute of limitations for your specific case.
In some cases, a Plene Computavit claim may be discharged through bankruptcy proceedings. However, the dischargeability of the claim depends on various factors, including the type of debt, the bankruptcy chapter filed, and the debtor’s financial circumstances. It is advisable to consult with a bankruptcy attorney for guidance in such situations.
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/plene-computavit/
- Modern Language Association (MLA):Plene Computavit. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/plene-computavit/.
- Chicago Manual of Style (CMS):Plene Computavit. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/plene-computavit/ (accessed: May 09 2024).
- American Psychological Association (APA):Plene Computavit. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/plene-computavit/
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