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17:48 Nov 18, 2013
Latvian to English translations [PRO] Law/Patents - Law: Contract(s)
Latvian term or phrase:piemērot ieskaitu/parakstīt ieskaita aktu
1) (..) Pircējs, par to nepaziņojot Piegādātājam, ir tiesīgs piemērot ieskaitu.
2) Pircējam ir tiesības pieprasīt ieskaita akta parakstīšanu.
apply an installment/to sign the act/deed/statement of installment
one of several parts into which a story, plan, or amount of money owed has been divided, so that each part happens or is paid at different times until the end or total is reached:
The novel has been serialized for radio in five instalments.
We agreed to pay for the car by/in instalments
Explanation: Where two parties owe each other money or other performances of the same kind, either of them ("the first party") may set off its obligation against that of its obligee ("the other
party") if at the time of set-off,
(a) the first party is entitled to perform its obligation;
(b) the other party’s obligation is ascertained as to its existence and amount and performance is due.
(2) If the obligations of both parties arise from the same contract, the first party may also set off its obligation against an obligation of the other party which is not ascertained as to its existence or to its amount.