You can set-off in the following situations.

The credit and debit (the two claims) must be due to and from a person in the same right. In other words the person must be one and the same and must be acting in the same capacity.

The debit and credit must both be properly quantified and already payable, that is:

the debit established (where the amount has been agreed or the time for appeal has either passed or the appeal has been determined)

the credit must have cleared all necessary credibility and verification checking.

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