CONTRACTS - CONSIDERATION - FORBEARANCE TO EXERCISE A RIGHT

Authors

Abstract

Defendant was the assignee of a mortgage on a farm owned by the plaintiff. He gave newspaper notice of intent to foreclose, and ten days before the foreclosure period expired he signed and delivered to the plaintiff a writing in which he "agreed" to pay them three thousand dollars "providing said foreclosure of mortgage expires in my name." The foreclosure did so expire and this suit was brought to recover the money promised. Held, the promise is not enforceable, due to lack of consideration. Shaw v. Philbrick (Me. 1930) 151 Atl. 423.

Recommended Citation

CONTRACTS - CONSIDERATION - FORBEARANCE TO EXERCISE A RIGHT, 29 Mich. L. Rev. 364 (1931).
Available at: https://repository.law.umich.edu/mlr/vol29/iss3/11