))
WTDWYTKAM: Gerald on Metro FM: DEBT PRESCRIPTION
Manage episode 405320734 series 2763877
Contenuto fornito da Gerald Chemunorwa Mwandiambira. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Gerald Chemunorwa Mwandiambira o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
As a general rule, prescription occurs when a debtor’s liability to pay a specific debt is extinguished as a result of the passing of a prescribed time period. As soon as a debt prescribes, a debtor is no longer under any obligation to pay it.
It is still legal for the creditor to demand payment or even sue for a prescribed debt. The debtor will then, however, be able to raise the defence of prescription. It is for this reason, that debtors need to be aware of prescription – to protect themselves from debts they are no longer liable for. On the other hand, creditors must also be cognizant to pursue claims timeously.
Gerald and Touch discuss a caller voicenote on this topic.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/gerald-chemunorwa-mwandia/message Support this podcast: https://podcasters.spotify.com/pod/show/gerald-chemunorwa-mwandia/support228 episodi
Condividi
