Forbearance
(n) Forbearance is the willful grant of time allowed to a party to the contract to fulfill his part of obligation with or without claiming additional compensation
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FORBEARANCE - The act by which a creditor waits for the payment of the debt due him by the debtor, after it has become due.
forbearance - Voluntarily refraining from enforcing a legal right or any other right.
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forbearance
n. an intentional delay in collecting a debt or demanding performance on a contract, usually for a specific period of time. Forbearance is often consideration for a promise by the debtor to pay an added amount.
forbearance also foreÂ-bearÂ-ance [fȯr-bar-É™ns] n : a refraining from the enforcement of something (as a debt, right, or obligation) that is due ...
FORBEARANCE, contracts. The act by which a creditor waits for the payment of the debt due him by the debtor, after it has become due.
Forbearance
Definition - Noun
: a refraining from the enforcement of something (as a debt, right, or obligation) that is due
Pronunciationfo'r-'bar-&ns ...
Expanded Legal Definition of Consensus Ad IdemConsideration Some right, interest, profit or benefit accruing to the one party of a contract, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other.
Dropping the negative of forbearance, and taking duty to mean an obligation to do something, with the alternative of punishment in default, we find that duties are of two kinds.
Consideration: Consideration has been defined as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other".
Under common law, there can be no binding contract without consideration, which was defined in an 1875 English decision as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, ...
Consideration - Under common law, there can be no binding contract without consideration, which was defined in an 1875 English decision as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, ...
Refers to money or payment of money or some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other.
only by reason and conviction, not by force or violence; and therefore all men are equally entitled to the free exercise of religion, according to the dictates of conscience; and that it is the mutual duty of all to practise Christian forbearance, ...
tend to obstruct or defeat the administration of justice, and the term if chiefly used with reference to the failure or refusal of a party to obey a lawful order, injunction, or decree of the court laying upon him a duty of action or forbearance.
 See also: Law, Right, Term, Person, State
  
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