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P

PAY

by Law Professor

1. To give money in exchange for something provided or to be provided. 2. Another word for wages. 3. To pay is to deliver to a creditor the value of a debt, either in money or in goods, for his acceptance, by which the debt is discharged. … [Read more...] about PAY

PAULIAN ACTION

by Law Professor

A civil claim made by a creditor against a third party to rescind the transfer of property that may have been made to the third party by the second party debtor, usually transferred for the purpose of frustrating the enforcement of the debtor's agreement and obligation to the creditor. … [Read more...] about PAULIAN ACTION

PAY OR QUITE

by Law Professor

Landlord-tenant notice provided to tenant where the tenant must either pay within a short period of time (usually 3 days) or quite (leave) the premises. … [Read more...] about PAY OR QUITE

PAUPER

by Law Professor

A person so poor that he must be supported at public expense; also a suitor who, on account of poverty, is allowed to sue or defend without being chargeable with costs. In re Hoffen's Estate, 70 Wis. 522, 36 N. W. 407; Hutchlngs v. Thompson, 10 Cush. (Mass.) 238; Charleston v. Groveland, 15 Gray (Mass.) 15; Lee County v. Lackle, 80 Ark. 764. Dispauper. To deprive one of the … [Read more...] about PAUPER

PAYABLE

by Law Professor

Refers typical to accounts payable. A sum of money is said to be payable when a person is under an obligation to pay it. "Payable" may therefore signify an obligation to pay at a future time, but when used without qualification, "payable" means that the debt is payable at once, as opposed to "owing." … [Read more...] about PAYABLE

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