Friday, June 10, 2011

Exoneration

Exoneration is relieving part of the estate of a deceased person, charged with a debt, by the payment of the debt out of another part thereof. This may be by law, or by the special direction of the deceased in his will, It is either absolute or relative; when relative, the property remains liable and is proceeded against after the property, which is liable before it, is exhausted.

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