In Re Lloyd, Carr and Company, Bankrupt (Two Cases). Appeal of Alan H. Abrahams. Appeal of United States of America

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that an agreement was “not enforceable as a Section 27 compromise” because “the notice requirements of [Rule 919(a) ] were not met”
• “performance of a pre-existing legal duty that is neither doubtful nor subject to honest and reasonable dispute is not valid consideration”
• “The policy underlying this rule is to discourage parties under [preexisting legal] duty from using the threat of nonperformance to extort greater compensation for doing only that which they were already obligated to do.”

Source: CourtListener parenthetical corpus (CC0).