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The life of the law has not been logic; it has been experience.
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Legal Definitions - individual debt
The difference between ordinary and extraordinary is practice.
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Definition of individual debt
Definition: Individual debt refers to the amount of money that a person owes to another person or entity. It can be a specific sum of money due by agreement or otherwise, or the aggregate of all existing claims against a person.
Examples:
- John owes $5,000 to his credit card company.
- Samantha has outstanding debts of $10,000 to various lenders.
- Mike owes his friend $500 for a loan he took to pay his rent.
These examples illustrate how individual debt can arise from various sources, such as credit card debt, loans, or personal debts owed to friends or family members.
A lawyer without books would be like a workman without tools.
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Simple Definition
A judge is a law student who marks his own examination papers.
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