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Page 52
... obligation . " One such situation arose if a debtor promised to pay a debt that had been barred by the statute of limita- tions . Although no longer under a legal obligation to pay the debt , the debtor might be thought to have a moral ...
... obligation . " One such situation arose if a debtor promised to pay a debt that had been barred by the statute of limita- tions . Although no longer under a legal obligation to pay the debt , the debtor might be thought to have a moral ...
Page 55
... obligation , ” even though there had never been a prior legal obligation . Near the end of the eighteenth century , he wrote , " Where a man is under a moral obli- gation , which no Court of Law or Equity can inforce , and promises ...
... obligation , ” even though there had never been a prior legal obligation . Near the end of the eighteenth century , he wrote , " Where a man is under a moral obli- gation , which no Court of Law or Equity can inforce , and promises ...
Page 57
... obligation . ' " " " 30 Restatement Second §86 states a flexible rule that purports to be based on this trend toward recognition of “ moral obligation " as a basis for enforcement . ( 1 ) A promise made in recognition of a benefit ...
... obligation . ' " " " 30 Restatement Second §86 states a flexible rule that purports to be based on this trend toward recognition of “ moral obligation " as a basis for enforcement . ( 1 ) A promise made in recognition of a benefit ...
Contents
Contracts and Contract Law in General | 3 |
B The Development of a Basis for Enforcing Promises | 10 |
ENFORCEABILITY OF PROMISES | 13 |
Copyright | |
39 other sections not shown
Common terms and phrases
2d Cir 5th Cir acceptance action agreed agreement anticipatory repudiation apply assent assignment assumpsit avoid bargain beneficiary benefit breach builder buyer claim clause common law condition consideration Constr contract law contractor Corbin Corp court creditor damages debt delivery discharge discussed doctrine duress duty effect employee enforceable equity example exchange excused fact failure faith ground infra injured party intended interpretation involved land language lease liability limited mailbox rule meaning ment Minn misrepresentation mistake mortgage negotiations obligation obligor offer offeree offeror oral owner parol evidence rule party's payment performance power of acceptance promise to pay promisor purchase reasonable recover recovery reformation refused reliance repudiation requirement Restatement Second restitution result revocation risk seller situation statute of frauds subcontractor Supp supra note suretyship terminate text at note tion tort transaction unconscionable unenforceable Uniform Commercial Code warranty Williston writing