Asked by Jessica Robertson on Jul 29, 2024
Verified
Which of the following is an agreement by a promisee to refrain from pursuing a legal claim against a promisor?
A) Statute of limitations
B) Forbearance to sue
C) Past consideration
D) Moral obligation
Forbearance to Sue
An agreement or arrangement where a party chooses not to pursue legal action in exchange for some form of compensation or under specific conditions.
Legal Claim
A formal assertion by a party seeking judicial relief due to another party's action or failure to act in accordance with the law.
Promisor
An individual or entity who makes a promise or agreement to perform a specified act or service for a promisee.
- Discuss the criteria for the enforcement of promises made in the context of settling legal claims or debts.
Verified Answer
Learning Objectives
- Discuss the criteria for the enforcement of promises made in the context of settling legal claims or debts.
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