Philadelphia Electric v. Halloran

How courts have described this case

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

• “debt” includes agreements for payment which require some calculation to determine exact amount, provided debtor has made distinct and binding promise to pay
• “The word ‘debt’ has never been made to include the simple possibility of being found responsible in damages for the breach of an executory contract, where neither the fact of liability nor the amount can be held affirmatively to exist until a judgment shall have been recovered.”

Source: CourtListener parenthetical corpus (CC0).