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WTDWYTKAM: Gerald on Metro FM: DEBT PRESCRIPTION
Manage episode 405320734 series 2763877
Gerald Chemunorwa Mwandiambira에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Gerald Chemunorwa Mwandiambira 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.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/support229 에피소드
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