Vermont Statutes Title 12 Sec. 3076
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Terms Used In Vermont Statutes Title 12 Sec. 3076
- Contract: A legal written agreement that becomes binding when signed.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Trustee: A person or institution holding and administering property in trust.
§ 3076. Trustee liable only for balance due
A trustee may deduct from the goods, effects, and credits in his or her hands his or her demands against the defendant founded on contract, express or implied, and shall be liable for the balance only after such demands are adjusted.