A covenant to pay the excess of debts due from a firm over debts due to it is not a covenant to pay a liquidated sum1. A claim arising from a failure to redeliver shares lent by one person to another has been held not to be a 'debt or sum of money due or claimed to be due'2; nor is there a debt due in respect of a liability under a bond of indemnity as to costs3. The amount of differences fixed under its rules by the default official, due to a stock exchange creditor by a defaulter,
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN TAKE A FREE TRIAL
0330 161 1234