Podcast
Questions and Answers
Which method is used to formally acknowledge the existence of a debt in a settlement agreement?
Which method is used to formally acknowledge the existence of a debt in a settlement agreement?
A confession to judgement can only be made in the Magistrate courts.
A confession to judgement can only be made in the Magistrate courts.
False
What sections provide procedures for liquid amounts due in the magistrate courts?
What sections provide procedures for liquid amounts due in the magistrate courts?
Section 57 and 58
The method used for recording a settlement in the Magistrate courts is referred to as MCR 27(6)-____.
The method used for recording a settlement in the Magistrate courts is referred to as MCR 27(6)-____.
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Match the following methods of recording agreements to their respective descriptions:
Match the following methods of recording agreements to their respective descriptions:
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Study Notes
Methods of Recording Settlement Agreements
- General Settlement Agreement/Acknowledgement of Debt: A broad agreement resolving a dispute. May include various terms and conditions of the settlement.
- Confession of Judgment in High Court: A formal legal admission of debt in a High Court, leading to a judgment. It's a quicker method for settling disputes compared to standard litigation.
- Section 57 and 58 Procedures (Magistrate Courts): Specific legal procedures in Magistrate Courts for liquidating amounts, often used for simpler disputes.
- Recording a Settlement under MCR 27(6)-10: Procedure outlined in the Magistrates' Court Rules (likely for specific types of settlements).
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Description
This quiz covers various methods of recording settlement agreements, including general settlement agreements, confessions of judgment, and specific magistrate court procedures. Learn about the differences and applications of these legal processes in dispute resolution.
