Due to the fact that the Claimants were in financial difficulty, the defendants took advantage and compelled them to accept less of what was really owed to them.
In order to apply the principle the agreement must be voluntary by both parties.
i also remember by famous people and people who i know. For Harris v Nickerson a stmt. of intention deals with an auction i would think of the two actors jack NICKERSON & HARRISon ford at an auction – statement of intention.