Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Forbearance 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

Forbearance 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 Sive Grady a $800 note, payable in 30 days, as full settlement for all claims Grady had sgainst 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.
Is Helfrich correct in his claim that consideration was lacking?
a.
Conld Grady's action in dropping the suit be regarded ias consideration?
b.
Is forbearance a form of consideration?
c.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P Robbins, Mary Coulter

11th Edition

9780273752776, 132163845, 273752774, 978-0132163842

More Books

Students also viewed these General Management questions