1. Only demands which will support an independent action for their collection can be pleaded by way of set-off.
2. Every debt is an obligation but not every obligation is a debt for the collection of which a suit may be maintained. Pennsylvania Company &c. v. Scott, 346 Pa. 13 (29 Atl. 2d 328, 144 A. L. R. 849).
3. A "debt" has been defined to be a sum of money due by a certain and...
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