Forbearance
A Law Dictionary, Adapted to the Constitution and Laws of the United States · John Bouvier · 1839
A Law Dictionary, Adapted to the Constitution and Laws of the United States
contracts, is ‘thé act by which a creditor waits for the payment of the debt, due him by the debtor, after it has become due. When the creditor agrees to forbear with his debtor, this is a sufficient consideration to support an assumpsit made by the debtor. 4 John. R. 237; 2 Nott & Mc Cord, 133; 2 Binn. R. 510; Com. Dig. Action upon the case upon assumpsit, B 1; Dane’s Ab. Index, h. t.; 1 Leigh’s N. P. 81; 1 Penna. R. 385; 4 Wash. C. C. R. 148; 5 Rawle’s R. 69. Vide Giving time.