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Recognition of debt under debt collection law is the expression of a person’s will, by which he confirms the existence of a debt obligation (for cash or security), while at the same time it must be clear from the existing circumstances that the facts on which the declaration of will is based are present.

Term-Nr.: 10

German: Schuldanerkennung (722)

Source: LK-Lötscher, 11.05.2020

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