The Georgia Court of Appeals has reversed a trial court order dismissing a plaintiff's breach of contract claim, finding that an amended contract does not supersede or replace an older contract ...

On March 19, in a matter of first impression, the Third Circuit Court of Appeals (Court) held that triangular setoff is not permissible in bankruptcy due to Bankruptcy Code Section 553(a)'s mutuality ...

In UK business law, mutuality of obligation is a legal issue that both employers and their employees must fully understand. This matter sets out all legal obligations on the part of the employers in ...

Another decision has been issued that reinforces that section 553 does not allow setoff without mutuality, or “triangular setoff.” On November 13, 2018, Judge Gross of the United States Bankruptcy ...

A morals clause is a contract provision that prohibits, and provides a remedy for, a party’s illegal, immoral or otherwise undesirable conduct. Morals clauses commonly appear in contracts for the ...