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Mandatory meeting of a person that files for a Chapter 7 or 13 bankruptcy, usually about a month after filing, where there is a meeting of the debtor and creditors to discuss the issues concerning the bankruptcy, why it should or should not be granted as well as any payment terms as part of a payment plan. At the meeting, the trustee in charge of the bankruptcy will review the … [Read more...] about MEETING OF CREDITORS

To be better inquired into. In old English law. The name of a writ commanding a further inquiry respecting a matter; as, after an imperfect inquisition in proceedings in outlawry, to have a new inquest as to the value of lands. … [Read more...] about MELIUS INQUIRENDUM

Mutual assent. Aggregatio Mentium. Describing the agreement of the parties of the essential terms of a contract. The moment when a contract is complete. … [Read more...] about MEETING OF MINDS

English practice. A writ which in certain cases issues after an imperfect inquisition returned on a capias utlugatum in outlawry. This melius inquirendum commands the sheriff to summon another inquest in order that the value, of lands, may be better or more correctly ascertained. Its use is rare. … [Read more...] about MELIUS INQUIRENDUM VEL INQUIRENDO

Common contractual term to mean that both parties understand and agree the terms of a contract and that no mistake has been made in understanding what has been offered and accepted. … [Read more...] about MEETING OF THE MINDS