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In case of legal and equitable set-off -
It is not necessary that claim for set off should have arisen out the same transaction but the claim for equitable set-off must have arisen out of the same transaction and it cannot be allowed if the cross-demand relates to different transaction
It is necessary that claim for set-off should have arisen out the same transaction but the claim for equitable set-off need not to be arisen out of the same transaction
In both set-off and equitable set-off, it is necessary that both kinds of set-off should have arisen out of the same transaction.
In both set-off and equitable set-off, it is not necessary that the set-off should have arisen out of the same transaction.
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