Dawson v. Beall
Dawson v. Beall
Opinion of the Court
The agreement not to make application for, and be discharged from a debt in bankruptcy is a sufficient consideration to support a contract to take a less sum for the debt than what is due thereon. It is a new and valuable consideration for the reduction of the original debt. The agreement not to be adjudicated a bankrupt, and thereby not to wipe out or endanger the whole debt, is certainly a valuable consideration to support a promise to compro
Judgment affirmed.
Reference
- Full Case Name
- Dawson, executors v. Beall, administrator
- Cited By
- 10 cases
- Status
- Published