Rarotonga, 2010

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TOPICS


Set-off


COMMENT

Set-off comes in three main categories: legal, equitable and contractual. 'Legal' is the simplest, being a deduction of an existing debt against a newly-arising one. An attractive feature about set-off is that it opens the potential to assert an old debt against the plaintiff as generally it is exempt from limitations, since it is normally advanced as a defence - not a claim.


ALPHABETICAL LIST

CONTRACTUAL SET-OFF
Set-off - Contractual

EQUITABLE SET-OFF
Set-off - Equitable (+)

LEGAL SET-OFF
Set-off - Legal
|||Set off [Courts of Justice Act, s.111 (Ont)] [#COURTS]
|||Advance payment to be taken into account [Courts of Justice Act, s.120(3) (Ont)] [#COURTS]

LIMITATIONS
Set-off - Limitations

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Last modified: 12-01-24
By: admin