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Law

Forums › Ask CIMA Tutor Forums › Ask CIMA BA4 Tutor Forums › Law

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 23, 2018 at 5:23 am #453473
    mohamed98
    Participant
    • Topics: 1
    • Replies: 2
    • ☆

    Hello Sir
    Where should you report a Debt someone owes your Company? I mean the Law responsible to mediate that?

    May 23, 2018 at 1:00 pm #453573
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    Do you mean that someone owes you money but isn’t going to pay?

    Usually, unless fraud is involved, this is a matter for civil law not criminal law.

    In civil law one person can go to court to complain about another person’s behaviour. The other person can defend him/her self. The court then decides the legal position.

    In the UK, if someone does not pay a debt and is found to be at fault the court can order that that person’s assets can be seized and sold to raise money to pay the debt.

    May 23, 2018 at 1:23 pm #453578
    mohamed98
    Participant
    • Topics: 1
    • Replies: 2
    • ☆

    Thank you very much Sir!!!
    Very Helpful?

    May 23, 2018 at 5:31 pm #453630
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    A pleasure.

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