Friendly Suit
FRIENDLY SUIT
A lawsuit brought by an executor or administrator of the estate of a deceased person in the name of a creditor as if that creditor had initiated the action. The executor or administrator brings the suit against himself or herself in order to compel the creditors to take an equal distribution of the assets of the estate. An action brought by parties who agree to submit some doubtful question to the court in order to obtain an opinion on that issue.
More From encyclopedia.com
Executors And Administrators , EXECUTORS AND ADMINISTRATORS
Those who are designated by the terms of a will or appointed by a court of probate to manage the assets and liabilities… Suit , suit / soōt/ • n. 1. a set of outer clothes made of the same fabric and designed to be worn together, typically consisting of a jacket and trousers o… Suite , suite / swēt/ • n. 1. a set of things belonging together, in particular: ∎ a set of rooms designated for one person's or family's use or for a partic… trump , trump1 / trəmp/ • n. (in bridge, whist, and similar card games) a playing card of the suit chosen to rank above the others, which can win a trick whe… Estate , ESTATE
The degree, quantity, nature, and extent of interest that a person has in real andpersonal property. Such terms as estate in land, tenement, a… Class Action , CLASS ACTION
A lawsuit that allows a large number of people with a common interest in a matter to sue or be sued as a group.
The class action suit be…
You Might Also Like
NEARBY TERMS
Friendly Suit