Forbearance - Law Dictionary Search Results
Home Dictionary Name: forbearanceforbearance
forbearance also fore·bear·ance [fȯr-bar-əns] n : a refraining from the enforcement of something (as a debt, right, or obligation) that is due ...
special forbearance
special forbearance a loss mitigation option where the lender arranges a revised repayment plan for the borrower that may include a temporary reduction or suspension of monthly loan payments. Source: U.S. Department of Housing and Urban Development ...
Forbearance
The act of forbearing or waiting the exercise of patience...
Forbearant
Forbearing...
Forbearer
One who forbears...
Forbearing
Disposed or accustomed to forbear patient long suffering...
Consideration
Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the person burdened with the obligation) or a stranger derives a benefit or advantage, or any labour detriment or inconvenience sustained or suffered by the promisee at the request, express or implied, of the promisor. See Laythoarp v. Bryant, 3 Scott 250; 2 Wms. Saund 137 h; Currie v. Misa, (1875) LR 10 Exch 153.Consideration is one of the facts which the courts require as evidence of intention, (a) that a person intends his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or for a transfer of property from one person to another. The nature or quality of the consideration which will be sufficient for these purposes varies with the nature of the transaction and in the absence of consideration the Courts will, except in the case of s...
Promissory estoppel
Promissory estoppel, in order to invoke the doctrine of promissory estoppel it is enough to show that the promise has, acting in reliance on the promise, altered his position and it is not necessary for him to further show that he has acted to his detriment, Motilal Padampat Sugar Mills Co. Ltd. v. State of Uttar Pradesh, AIR 1979 SC 621: (1979) 2 SCC 409: (1979) 2 SCR 641.Means as an estoppels which arises when there is a promise which promisor should reasonable expect to induce action or forbearance of a definite and substantial character on the part of promisee, and which does induce such action or forbearance, and such promise is binding if injustice can be avoided only by enforcement of promise, Black's Law Dictionary; Ashok Kumar Maheshwari v. State of Uttar Pradesh, (1998) 2 SCC 502....
consideration
consideration : something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive NOTE: Except in Louisiana, consideration is a necessary element to the creation of a contract. The consideration must result from bargaining by the parties, and must be the thing that induces the mutual promises. ad·e·quate consideration : a consideration that is reasonably equivalent in value to the thing for which it is given fair consideration : a consideration that is reasonable and given in good faith ;specif : something with a reasonably equivalent value that under the laws of fraudulent conveyances is given in good faith in exchange for the transfer of property good consideration 1 : a consideration based on a family relationship or natural love and affection 2 : valuable consideration in this entry NOTE: When used as defined in sense 1 good consideration is the opposite of valuable consider...
forebearance
forebearance var of forbearance ...
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