Law · Right of Set-Off
What does the right of set-off allow a bank or debtor to do regarding outstanding dues?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To cancel the debt entirely without making any payment.
- 2To require payment of the entire debt amount in full without any deductions.
- 3To make the payment using assets other than money.
- 4To adjust a mutual debt owed between the parties against the debt due from one to the other.✓
Correct answer
To adjust a mutual debt owed between the parties against the debt due from one to the other.
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