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How do you use the word judgment?
You can use the word "judgment" to refer to the ability to make considered decisions or form opinions. For example, "She used good judgment in choosing her friends."
What is the difference in retrospective and prospective judgment?
The retrospective or retroactive judgment is that one which also effects on the facts done before the time on which the judgment is issued while the prospective judgment only take effects after the time on which it's issued.
Is judgment proof legal in Kentucky?
"Judgment-proof" means that even if a plaintiff obtains its civil judgment against its defendant, the defendant has no assets from on which the court can levy in proceedings in aid of execution to satisfy the judgment. It also generally implies that as a result the defendant is not worth being sued, because the possibility of ultimately recovering a money judgment is nil.Added: There is no such legal principle as judgment proof. It is not a defense to a lawsuit. One can obtain a judgment against a defendant, regardless of the ability to collect the judgment. Plaintiffs often choose to proceed against defendants who appear to be judgment proof because they believe that the defendant will eventually have assets or income against which to collect.You are correct. The status of being judgment-proof is as a matter of fact and not a matter of law. Which is why I used the word "implied" and not the word "holds". Therefore, it is legal to the extent that as a matter of fact the judgment cannot be satisfied.
Judgment Assignment?
Judgment Assignment(Download)________________, referred to as JUDGMENT HOLDER, and _________________, referred to as ASSIGNEE, agree:On ________________________, JUDGMENT HOLDER recovered a judgment against _________________, in the _________________, case number __________________, in the original principal amount of $_____ (__________________ & ___/100 dollars).JUDGMENT HOLDER assigns said judgment to ASSIGNEE without recourse or guarantee of payment.JUDGMENT HOLDER agrees to execute any further documents which may be required to perfect this assignment.Dated: ______________________________________________________________ Judgment Holder_______________________________________________ Assigneecc Party against whom the Judgment is heldJudgment AssignmentReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. We recommend you copy the party whom the judgment is held against to help promote collection. This is a strictly tactical decision based on the strategy worked out between the Judgment holder and the new Assignee.1. Make multiple copies for your records.
Is a judgment against the person or property?
The judgment is against the person, not the property.
When a contract is executory?
A contract that has not yet been fully performed by the parties is called an executory contract.
Trusts and Estates: Estates and Executory Interests?
Becoming knowledgeable about estate planning can help anyone. Whether one is a client or attorney, estate planning is a complex field and getting one term wrong can be a mistake worth millions of dollars. It is incredibly important to learn all one can about the business of estate planning and apply that knowledge to one’s own situation. It is important to thoroughly understand executory interests within the field of estate planning. An executory interest is a future interest that follows a determinable estate. An executory interest is a future interest in a grantee, not the grantor. When a future interest follows a determinable estate and is in the grantor, then that is called a possibility of reverter. When estate planning, clients often want to add more than one future interest to an estate. This is not a difficult task to do, even though it may seem like it could become a complex ordeal. One usually treats this sort of situation with the same analysis that goes into creating ordinary estates. It is very beneficial to understand the difference between shifting executory interests and springing executory interests. To start with definitions, shifting executory interests are defined as interests that follow an estate in a grantee. Springing executory interests divest an estate in the grantor. An example of a shifting executory interest can be found in the following language: A to B, provided that if B ever allows (xyz to occur), then to C. In this example, we can see many things going on. First, B has a possessory estate in fee simple. Recall that a fee simple is a type of possessory estate that has no inherent ending and is the largest type of possessory estate. Next, it can be seen that B’s fee simple is subject to an executory limitation. Because B’s fee simple is subject to an executory limitation, C’s future interest is an executory interest. Since the interest would divest B as a grantee, then it is a shifting executory interest. Now it is important to consider a springing executory interest. A springing executory interest always divests the grantor, not the grantee. An example of a springing executory interest can be found in the following language: A to B when he turns 21. In this case, A has a possessory estate in fee simple. The executory interest can be found in B. Overall, these concepts are important to know for creating precise estate plans with executory interests.
What is A contract in which something remains to be done by one or more of the parties?
executory contract
When does the marriage contract enter its executory stage?
The marriage contract enters its executory stage when the parties involved have agreed to the terms and conditions and are ready to fulfill their obligations under the contract, typically after the marriage ceremony has taken place. At this point, the contract becomes enforceable, and both parties are expected to adhere to its stipulations. This executory stage continues until all obligations outlined in the contract are completed.
On a bankruptcy filing form schedule g what does it mean exec contracts?
An executory contract is one which is to be performed in the future and for which the debtor will be paid when it is performed. If a contractor has a signed agreement to build a house for someone next year, that is an executory contract.
True or false an executory contract is one that has been fully performed by all parties?
false
Can an executory contract be rescind?
Yes!. If there is a written expiration period or naturally 30 days if not executed
Do reciprocal promises in an executory contract constitute sufficient consideration?
lol no read your text book :P
Can you distinguished Contract of Sale from contract to sell?
Contract to sell is an executory contract while contract of sale is an executed contract.
Consideration may be executory or executed but it must not be pastDicuss and illustrate your answer with various case laws?
Executed and executory consideration is enforced by the common law courts but a past consideration is not. This is because a past consideration arises where the work is done before the obligation or offer to pay is made. See the case of EASTWOOD VRS KENYON.
When Executory Cost apply in no bargain purchase option in the lease?
Executory costs apply in a lease when the lessee is responsible for expenses related to the operation and maintenance of the leased asset, such as property taxes, insurance, and maintenance fees. In a lease without a bargain purchase option, the lessee does not have the opportunity to buy the asset at a favorable price at the end of the lease term. Therefore, the lessee must account for these executory costs separately from the lease liability, as they are ongoing expenses rather than part of the lease obligation. This distinction ensures accurate financial reporting and reflects the true cost of leasing the asset.
Who is the grantor in an abstract of judgment?
In an abstract judgment the grantor is the judgment creditor. The grantee of the abstract judgment is the judgment debtor.
