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Civ. Code Mont

Categories: Property

Definition (1910 Edition)

1895, $ 1076; McNally v. Connolly, 70 Cal. 3, 11 Pac. 320; Miller v. Waddingham (Cal.) 25 Pac. 688, 11 L. R. A. 510. .

1895. § 3713.—Line of eredit. See LIN£.--Mutual credits. In bankrupt law. Credits which must, from their nature. terminate in debts: as where a debt is due from one party, and credit given by him to the other for a sum of money payable at a fature day, and which will then become a debt; or where there is a,debt on one side, and a delivery of property with directions to turn it into money on the other. 8 Taunt. 499;
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.