Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,903,365,154 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

confessed judgment

    0.01 sec.
See: cognovit


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Legal browser?   Full browser?
 
AAU refused to settle, so the airport authority confessed judgment in the amount of $35 million, and assigned its rights to the plaintiffs in return for a covenant not to execute the judgment directly against the authority.
My interpretation--that confessed judgments and defaults in the first half of the eighteenth century primarily represented real defaults--implies an interval between debt execution and litigation beyond the term of the debt.
Lenders should be aware that there are restrictions against using confessed judgments to execute against residential real estate (one to two units), and legal counsel should be consulted prior to pursuing this course of action.
 
 
 
Legal Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.