Words Flashcards
0
Q
Right of Subrogation
A
Surety steps into the shoes of the creditor
1
Q
QUIATIMET
A
Agreement between creditor and surety
That creditor must proceed against the PD first then only can proceed against Surety
2
Q
Ignorantia Juris non excusat
A
Ignorance of law is not an excuse
3
Q
Quid pro que
A
Something in return
4
Q
Consensus ad idem
A
Meeting of mind
5
Q
Jus in rem
A
Right against the whole world
6
Q
Jus in personam
A
Right against a person
7
Q
Doctrine of privity of contract
A
Only parties to a contract can file a suit on contract
8
Q
Doctrine of caveat emptor
A
Let the buyer beware
9
Q
Rules of Estoppel
A
Stopped from denying
