dation en paiement
- An approach to settle a debt where the debtor provides something different from the original form of payment to the creditor, with their agreement, and this fulfills the debt
- Due to financial difficulties, the company agreed to a dation en paiement to settle their debt by transferring property instead of the previously agreed-upon cash payment.
- In an unusual turn of events, the debtor proposed a dation en paiement, which involved delivering artwork instead of money to satisfy the outstanding debt.
- The creditor accepted the dation en paiement offered by the debtor, where the debtor's antique car was accepted as payment of the loan instead of money.
Provide Feedback
