Debts
81individual debts — Such as are due from a member of a partnership in his private or personal capacity, as distinguished from those due from the firm or partnership …
82just debts — As used in a will or a statute, this term means legal, valid, and incontestable obligations, not including such as are barred by the statute of limitations or voidable at the election of the party. Jones Ex r v. Jones, 275 Ky. 753, 122 S.W.2d 779 …
83confusion of debts — An obsolete term which refers to a mode of extinguishing a debt, by the concurrence in the same person of two qualities or adverse rights to the same thing which mutually destroy each other. This may occur in several ways, as where the creditor… …
84extinguishment of debts — This takes place by payment; by accord and satisfaction; by novation, or the substitution of a new debtor; by merger, when the creditor recovers a judgment or accepts a security of a higher nature than the original obligation; by a release; by… …
85individual debts — Such as are due from a member of a partnership in his private or personal capacity, as distinguished from those due from the firm or partnership …
86just debts — As used in a will or a statute, this term means legal, valid, and incontestable obligations, not including such as are barred by the statute of limitations or voidable at the election of the party. Jones Ex r v. Jones, 275 Ky. 753, 122 S.W.2d 779 …
87ability to pay debts — See able to pay; insolvency …
88confusion of debts — Same as confusion of rights and obligations …
89just debts of decedent — All claims which could have been enforced by action against the decedent in his lifetime. 31 Am J2d Ex & Ad § 276. Not estate or inheritance taxes or claims upon indebtedness incurred by personal representative of the decedent. Anno: 37 ALR2d 136 …
90privileged debts — Obligations entitled to a priority or preference. See preference; priority …
