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dariusnavy
on FreezingBlue Flashcards.
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the promise to refrain form doing something that a party has a legal right to do
forbearance
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in the making of a contract, the party who makes a promise
promisor
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in the making of a contract, the party to whom a promise is made
promisee
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a promise to donate money to a church, temple, mosque, hospital, college, or any charitable organization
pledge
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a written agreement in which an aggrieved party can discharge in whole or in part a claim resulting from an alleged breach of contract
general release
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a promise to pay an existing debt ir to obey the law, or a similare promise of something already owed
barren promise
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an obligation that a party is already bound to by law or by some other agreement. The party may not use this as a consideration in a new contract
preexisitng duty
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a promise that does not require some benefit in return
gratuitous promise
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something that a person is not legally bound to do but that he or she may feel bound to do because of love, friendship, honor, sympathy, conscience, or other reason
moral consideration
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a promise to repay someone for a benefit after it has been received
past consideration
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