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Example of an Default of the debtor?
An example of default by a debtor could be when they fail to make payments on a loan or mortgage as agreed upon in the terms of the contract. This could result in late fees, penalties, and ultimately, repossession of the collateral if the default continues.
What is the difference between a default and a breach of a contract?
A default refers to a failure to perform a contractual obligation on time, such as missing a deadline for payment. A breach of contract is a violation of any term or condition of the contract, such as failing to deliver goods as promised. In essence, a default is a type of breach, but not all breaches are defaults.
Does a landlord have the right to collect rent on a home with a notice of default?
As long as the landlord is in legal possession/ownership of the property and as long as you are residing on/in his property, yes. His notice of default has no legal effect of putting a "stay" on your payment of rent.
How you find out if you have a default judgment?
You can find out if a default judgment has been entered against you by checking court records, contacting the court where the case was filed, or receiving notification from the court or the other party involved in the case. It is important to address any default judgments promptly to understand the consequences and explore your options for challenging or resolving the judgment.
What does Case to be reset upon application mean?
"Case to be reset upon application" typically means that the case will return to its initial state or default settings after an action has been completed or an application has been closed. This can help ensure consistency and readiness for the next use.
What does deemed submitted mean?
deemed to be submitted to the client
What is default action?
A default action button is the button which is deemed to have been pressed if the Enter key is pressed while the keyboard focus is on a textbox or a control other than a command button in a form.
What does deemed responsible mean?
if someone is deemed responsible it means that people think that he/she is responsible
What is default action button?
A default action button is the button which is deemed to have been pressed if the Enter key is pressed while the keyboard focus is on a textbox or a control other than a command button in a form.
What does default amount mean?
the number the item in question is set to automatically
What does default notice not entered mean?
What is next after notice of default is entered
What does default mean in DS?
Default means original whatever conifguration it changes to its original settings.
What does default mean in financial terms?
It means that the borrower did not pay as promised. It means you are in default on the loan.
What is a Notice of Rescission of Declaration of Default and Demand for Sale and Notice of Default?
A Notice of Rescission of Declaration of Default is a mortgage loan that was once in default, and a notice of default would mean that the loans are still currently foreclosed in a way.
When a small claims case is deemed closed what does that mean?
I just jneed to know when a small claims court case is deemed closed, what that mesns
What does it mean when you cant talk?
If you are physicly unable to speak you are deemed 'dumb'
What is the word Sleeveen mean?
A sleeveen is someone deemed untrustworthy or sly.
