BLAW 2301 Lecture Notes - Lecture 12: Estoppel
Document Summary
Completed act cannot be the basis for consideration. Past consideration is valid consideration when the parties agree that it will. A debt in which there is no dispute about the amount debt. The credit agrees to take less than the full amount as full payment, her agreement is not binding. If the debtor offers a different performance to settle the liquidated debt, and the creditor agrees to take it as full settlement, the agreement is binding. Washing a car in exchange for the remaining part of the debt that is unpaid. A debt that is disputed because the parties disagree over its existence or amount. The creditor will accept a full payment a sum less than she has claimed. Gym membership - owe trainer , and only pay and write accord and satisfaction. What consideration does an employee receive for signing a covenant not to compete compete.
