Study each of the following case. Answer the questions that follow with Yes or No.

Helfrich, in a barroom brawl, broke Grady’s arm. Grady brought suit against Helfrich for damages. Before the case came to trial, Helfrich offered to give Grady a $500 note, payable in 30 days, as full settlement for all claims Grady had against Helfrich. Grady accepted this offer. When the note came due, Helfrich refused to pay, claiming that there was no exchange of benefits and no consideration.
a. Is Helfrich correct in his claim that consideration was lacking?
b. Could Grady’s action in dropping the suit be regarded as consideration?
c. Is forbearance a form of consideration?