Illustrative Cases in Contracts
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In our eReader you can find the full English version of the book. Read Illustrative Cases in Contracts Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Illustrative Cases in Contracts
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559 ; Voorhees v. Woodhull's Ex'rs, Court of Errors, March Term, 1869, 4 Vroom, 494.
The relinquishment of a security deposited by a debtor with his creditor as collateral security for a debt, which was after- wards discharged by a composition deed, is no consideration for a promise by the debtor to pay the residue of the debt be- yond the amount of the composition ; the debt being released and the debtor entitled to the return of the security, the cred- 374 ILLUSTRATIVE CASES itor cannot make ...its surrender a consideration of a new promise: Cowper V. Green, 7 M. & W. 633 ; McDonald v. ISTeilson, 2 Cow.
140 ; Crosby v. Wood, 2 Seld. 369.
In this case the Conovers, at the making of this contract, were under a prior legal obligation, by virtue of the mortgage given for a portion of the purchase-money, to pay the money which they were induced to pay by the defendant's undertaking.
The performance of this obligation neither gave the defen- dant nor the assignee of the mortgage a benefit to which he was not previously entitled, nor did it deprive the Conovers of anything which they were not previously bound to render.
What to read after Illustrative Cases in Contracts?
You can find similar books in the "Read Also" column, or choose other free books by William Sullivan Pattee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
559 ; Voorhees v. Woodhull's Ex'rs, Court of Errors, March Term, 1869, 4 Vroom, 494.
The relinquishment of a security deposited by a debtor with his creditor as collateral security for a debt, which was after- wards discharged by a composition deed, is no consideration for a promise by the debtor to pay the residue of the debt be- yond the amount of the composition ; the debt being released and the debtor entitled to the return of the security, the cred- 374 ILLUSTRATIVE CASES itor cannot make ...its surrender a consideration of a new promise: Cowper V. Green, 7 M. & W. 633 ; McDonald v. ISTeilson, 2 Cow.
140 ; Crosby v. Wood, 2 Seld. 369.
In this case the Conovers, at the making of this contract, were under a prior legal obligation, by virtue of the mortgage given for a portion of the purchase-money, to pay the money which they were induced to pay by the defendant's undertaking.
The performance of this obligation neither gave the defen- dant nor the assignee of the mortgage a benefit to which he was not previously entitled, nor did it deprive the Conovers of anything which they were not previously bound to render.
What to read after Illustrative Cases in Contracts?
You can find similar books in the "Read Also" column, or choose other free books by William Sullivan Pattee to read onlineMoreLess
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