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Unformatted text preview: flimsy, then there is no contract. Rational: The lender did not say how long they were willing forebear the payments at the time of the contract. It didnt matter that it was forebeared for 2 years, at the time of the contract was made, there was a lack of consideration. Holding: If a party states that they will forebear on suing, but maintains the right to sue at anytime, then there is no consideration Synthesis: Dissent/Concurrences:...
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This note was uploaded on 12/20/2011 for the course CONTRACTS 111 taught by Professor Dellinger during the Fall '11 term at Western State Colorado University .
- Fall '11