Define: Sum

Sum
Sum
Quick Summary of Sum

Definition:

A sum refers to a specific amount of money. In the context of English law, it can also denote a summary or compilation of information.

Full Definition Of Sum

Definition:

Sum refers to a specific amount of money or a collection of information, commonly used in English law. For instance, “I would like to withdraw a sum of $100 from the bank” demonstrates the usage of sum to denote a particular monetary value. On the other hand, the lawyer provided a sum of evidence to bolster their argument exemplifies how sum can describe a compilation or overview of information, specifically the evidence presented in a legal case.

Sum FAQ'S

A sum, in legal terms, refers to a specific amount of money that is owed or awarded in a legal case. It can be a settlement amount, damages, fines, or any other monetary obligation.

The sum in a personal injury case is typically determined by considering various factors such as medical expenses, lost wages, pain and suffering, and future medical needs. It is usually negotiated between the parties involved or decided by a judge or jury.

Yes, the sum awarded in a lawsuit can be appealed. If either party believes that the amount awarded is unjust or incorrect, they can file an appeal with a higher court to review the decision and potentially modify the sum.

If you are unable to pay the sum ordered by the court, you may face consequences such as wage garnishment, property liens, or seizure of assets. It is important to communicate with the court and explore alternative payment options if you are unable to pay the sum in full.

The sum in a contract can only be changed after it is signed if both parties agree to the modification. Any changes to the sum or other terms of the contract should be documented in writing and signed by all parties involved.

The child support sum is determined based on various factors such as the income of both parents, the number of children, and the specific guidelines set by the state. It is usually calculated using a formula or guideline provided by the court.

The taxability of a settlement sum depends on the nature of the case. Generally, compensatory damages for physical injuries or illnesses are not taxable, while punitive damages and compensation for emotional distress may be subject to taxes. It is advisable to consult with a tax professional for specific guidance.

Yes, the sum of a will can be contested if there are concerns about its validity, such as undue influence, lack of capacity, or fraud. Contesting a will requires legal action and must be done within a specific timeframe.

In certain circumstances, the sum of a divorce settlement can be modified. If there is a significant change in circumstances, such as a job loss or a change in income, either party can request a modification of the settlement amount. However, it typically requires court approval.

In some cases, the sum of a criminal fine can be reduced. This may occur through negotiations with the prosecutor or by presenting mitigating circumstances to the court. However, the final decision rests with the judge, who will consider various factors before deciding on any reduction.

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Disclaimer

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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