forbearance as consideration
Giving up a legal right (to drink, to sue, to sell to another) in exchange for a promise is consideration even if the forbearance benefits the promisee; forbearance from asserting an invalid claim counts only if the claim was doubtful or the claimant honestly believed it valid (R.2d § 74).
In SpanishEn español
abstención como consideration
Renunciar a un derecho (beber, demandar, vender a otro) a cambio de una promesa es consideration aunque la abstención beneficie al promisario; abstenerse de reclamar algo inválido solo cuenta si la reclamación era dudosa o el reclamante creía de buena fe que era válida (R.2d § 74).
ExamplesEjemplos
- Not suing on a doubtful claim in exchange for a settlement payment is consideration. No demandar por un reclamo dudoso a cambio de un pago de transacción es consideration.
RelatedRelacionados: consideration, bargain theory of consideration
Cases: Hamer v. Sidway
In your flashcardsEn tus flashcards