Forbearance
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
A delay in enforcing rights. The act by which a creditor waits for the payment of a debt due him by the debtor after it has become due. It is suflicient consideration to support assumpsit. An agreement to forbear bringing a suit for a debt due, although for an indefinite time, and even although it cannot be construed to be an agreement for a perpetual forbearance, if followed by actual forbearance for a reasonable time, is a good consideration for a promise; Howe v. Taggart, 133 Mass. 287. See Assumpsit; Consideration.