promise to pay when able


promise to pay when able
An acknowledgment sufficient for the purpose of creating a stated account only where there is an absolute assent to the amount. Kaunitz v Wheeler, 344 Mich 181, 73 NW2d 263.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • when able — A qualification of a promise to pay, referring to the financial means of the obligor. 11 Am J2d B & N § 174. when able to pay. When one has the financial means to pay. 34 Am J1st Lim Ac § 140 …   Ballentine's law dictionary

  • able to pay — In a majority of the jurisdictions it is held that a promise to pay when the promisor is able is a conditional, and not an absolute promise to pay, and that the promisee is not entitled to recover on such a promise unless the promisor is able to… …   Ballentine's law dictionary

  • when convenient — A qualification of a promise to pay, meaning when the promisor is able to pay or has the means of doing so. 34 Am J1st Lim Ac § 140 …   Ballentine's law dictionary

  • Breach of promise — is a former common law tort. From at least medieval times until the early 20th century, a man s promise of engagement to marry a woman was considered, in many jurisdictions, a legally binding contract. If the man were to subsequently change his… …   Wikipedia

  • John F. Kennedy: The American Promise to African Americans — ▪ Primary Source              On June 11, 1963, a momentous event occurred at the University of Alabama. Two African American residents of Alabama, who were clearly qualified for studies at the state s highest institution of learning, had been… …   Universalium

  • at earliest convenience — As limiting a promise to pay: when the promisor is able to pay or has the means of doing so. 34 Am J1st Lim Ac § 140 …   Ballentine's law dictionary

  • India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… …   Universalium

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • Consideration in English law — is one of the three main building blocks of a contract. Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party… …   Wikipedia

  • Consideration under English law — Consideration is one of the three main building blocks of a contract in English contract law. Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the… …   Wikipedia


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