Frequently Asked Questions
What is the difference between a liquidated claim and an unliquidated claim?
An unliquidated claim, unlike a liquidated claim, does not have a predetermined or agreedupon amount. Instead, it requires further assessment or calculation to determine the exact amount owed or to be paid. In a legal context, a liquidated claim provides a clear and fixed amount, while an unliquidated claim requires additional evaluation.
Can a liquidated claim be challenged or disputed?
While a liquidated claim is generally considered to be a fixed and certain amount, it is not immune to challenges or disputes. However, the grounds for challenging a liquidated claim are typically limited and require showing that the amount is incorrect or that there was a mistake in the calculation. It is important to consult with legal counsel to assess the validity of any challenges to a liquidated claim.
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