Asked by Delaney DeAvila on May 02, 2024
Verified
Which of the following legal detriments is known as forbearance?
A) Doing something that one has a legal right to do
B) Doing something that one does not have legal right to do
C) Giving up something that one has a legal right to keep
D) Refraining from doing something one has a legal right to do
Forbearance
An agreement between a lender and a borrower to temporarily suspend debt payments.
- Understand the legal validity and the ability to enforce different contractual agreements, notably those related to forbearance and illusory commitments.
Verified Answer
KB
Kayla Brown VoilesMay 06, 2024
Final Answer :
D
Explanation :
Forbearance is the act of refraining from doing something that one has a legal right to do. Therefore, option D is the correct answer.
Learning Objectives
- Understand the legal validity and the ability to enforce different contractual agreements, notably those related to forbearance and illusory commitments.
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