- mutually indebted
- See mutual credits; mutual demands; mutuality of parties and demands.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Ballentine's law dictionary. Anderson, W.S.. 1998.
indebted — Obligated to make a payment for money, property, or services. Obligated upon a debt, although not necessarily a debt due. As the word appears in a statute prescribing the contents of an affidavit for attachment, to say that a debt is due means… … Ballentine's law dictionary
mutuality of parties and demands — A matter of demands between the same parties in the same capacity at the same time and mutuality as to the quality of the right. 20 Am J2d Countcl § 74. The setoff or counterclaim must be such a demand that defendant, in his own name, or in the… … Ballentine's law dictionary
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