Definition of personal action in English:
An action brought for compensation or damages for loss of a thing from the person responsible, rather than for recovery of the thing itself: there are a number of compelling reasons for a creditor to obtain a charge and not rely solely on his personal action against the debtor company
More example sentences
- Directors of a company who had authorised a fraudulent prospectus and sent fraudulent letters were responsible in a personal action against them.
- It is, as will be seen, one which can give rise to personal actions against a fiduciary.
- As a lender, a bank will have the usual right to bring a personal action against the debtor on his promise to repay.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan