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What Registering your Lien,
& CONTINGENT LIABILITY, ON THIS REGISTER can
do for you:
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Corrupt Small Claims' Tribunal referee [a magistrate] William J [Bill] Randall implements the Anglican corruption of corrupt Chief Justice Paul de Jersey,...
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The Kramer Group of Frank Kramer of the Pacific Islands and Australia has unwittingly jumped on a sinking ship caused by the criminal history of Wayne Goss and his criminal destruction of evidence required for a court trial...
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MENU: Wayne Goss' Free TV Australia. He Destroyed the Heiner Evidence; a Crime & Breach of 'Directors' Fiduciary Duty...
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CMC's Dangerous Liaisons Report is a FRAUD & a CON on our Community, to HIDE, STEEL & HARDEN CORRUPTION in POLICE, COURTS & GOVERNMENT...
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When Credit reporting agencies report
for their clients of Credit
providers, they include in their reports the contingent
liabilities
owed by the respective particular persons on whom they are
reporting. They would be
leaving themselves open to claims against themselves by their clients,
if a
Contingent
liability crystallized and caused
the person to default on
the credit provided to them by the client of the Credit reporting
agency. Hence, Credit Reporting Agencies are will most likely
report the Contingent Liabilities reported on these
Registers. Not only the
total amount of contingent
liabilities, but also the number
of contingent
liabilities is valuable
information for credit providers
in making their decision on
whether they should extend credit to the named person. Knowledge
of Contingent
liabilities by credit providers
can really devastate
a
person's
credit
worthiness.
It amounts to better
information upon which the
credit providers can base their decisions.
Definition of a
CONTINGENT LIABILITY:
A CONTINGENT
LIABILITY [or anticipated
liability], [see
the actual register on this site], is a liability
that is not currently a liability
but one that may become a liability
upon
the happening of some future event. Common contingent
liabilities include, yet to be performed duties and/or duties not yet
performed/honoured, guarantees of the debts of others, potential
adverse
judgments in litigation, and currently contested tax liabilities.
Credit reporting agencies include a list of all contingent liabilities
when providing credit worthiness reports to their credit provider
clients when they are evaluating a potential borrower's financial
strength and credit worthiness.
Definition of a
LIABILITY:
A liability is an obligation of an
entity, [which includes a person]
arising from past transactions or events, where the settlement of such
obligation may result in the transfer or use of money or other assets, provision of services or
other yielding of economic benefits at some time in the future.
Legal
Duties place obligations on the
bearer to do certain acts in
particular circumstances. If the bearer of a legal duty defaults,
then that gives
rise to a liability. Some courts in come
jurisdictions may hold that the liability does not arise until such
time as adjudged by a court. However, the person owing the
liability, can always admit the liability or settle without a formal
admission. That settlement can only be because they they did have
the actual liability. If a court was to deny the liability at
that earlier time, the liability is at least a contingent
liability.
Many liens are equitable legal
instruments. They are referred in
the law as "equitable interests". A very important consideration
in
the Law of Equity,is
contained in the expression: "Purchased for fair/full value WITHOUT
NOTICE OF THE PRIOR EQUITABLE INTEREST" This means that a
purchaser cannot purchase the asset/property, devoid of the equitable
interest, if he has notice of it.
using
