A written agreement to give up a claim or settle a debt for less than the amount

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A written agreement to give up a claim or settle a debt for less than the amount demanded.

a. barren pr omise

b. consideration

c. forbearance

d. gratuitous promis e

e. general re lease

f. moral c onsideration g. past c onsideration h. pledge or subscription i. preexisting dut y j. promise

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Essentials Of Business Law

ISBN: 9780073377056

7th Edition

Authors: Anthony Liuzzo, Joseph Bonnice

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