The Act
Commentary
Part 5 – Inhibition
Termination
Section 157 – Inhibition terminated by payment of full amount owing
433.This section applies where an inhibition is executed to enforce payment of a debt and a sum is paid in respect of that debt to the creditor, a judicial officer or any other person who has authority to receive payment on behalf of the creditor. Where the sum paid amounts to the total debt plus interest, the inhibition expenses and the expenses of discharging the inhibition, the inhibition will cease to have effect. This replaces the common law rule that payment or the tendering of payment of the debt alone (excluding expenses) brought the inhibition to an end (see subsection (3)). But this section does not apply to inhibition on the dependence (see subsection (4)).
- Blaenorol
- Nodiadau Esboniadol Tabl o’r Cynnwys
- Nesaf
