whether present, future, actual or contingent

English Law/Patents Law (general)

"indebtedness" includes any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether pressent, future, actual or contingent.

Does the "present, future, actual, contingent" refer to the obligation of the payment/repayment?

Responses

4 +7

Yes, the obligation to repay is absolute, in any, and all circumstances.

Demi Ebrite

Responses

6 mins

Demi Ebrite

United States

266 answers

Native in English & English

Works in field

Selected

Yes, the obligation to repay is absolute, in any, and all circumstances.

The statement leaves no circumstance in which the obligation is to be waived, or not repaid.

Peer comment(s):

agree	MikeGarcia 2 mins
	Thank you, Miguel.
agree	orientalhorizon 4 mins
	Thank you, orientalhorizon.
agree	Ken Cox : IMO the intention here is to explicitly include all categories of indebteness so nobody (or their lawyer) can claim exemption. 5 mins
	Thank you, Ken ~ well said.
agree	inmb : yes, indebtedness, as defined here, covers everything, even contingent liabilities 8 mins
	Thank you, inmb.
agree	Lalit Sati 18 mins
	Thank you, Lalit.
agree	Gary D 7 hrs
	Thank you, Gary.
agree	Phong Le 11 hrs
	Thank you, Phong.

4 KudoZ points awarded for this answer. Comment: "Thank you"

English term

whether present, future, actual or contingent

Responses

Yes, the obligation to repay is absolute, in any, and all circumstances.

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English term

whether present, future, actual or contingent

Responses

Yes, the obligation to repay is absolute, in any, and all circumstances.

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