• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Contract Law – Pinnell case

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Contract Law – Pinnell case

  • This topic has 2 replies, 3 voices, and was last updated 8 years ago by MikeLittle.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • January 8, 2017 at 8:09 pm #365678
    sophiemgilbert
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Hello!

    I’m getting myself very confused.

    With regards to the exceptions, I understand that settlement before due date can achieve full discharge (as you are getting the benefit of having the money earlier) – surely this is the case for Pinnell as Cole had tendered the part payment before the debt was due?

    How comes Pinnell was entitled to sue?

    Many thanks in advance,
    Sophie

    January 8, 2017 at 9:37 pm #365695
    jocathy27
    Member
    • Topics: 9
    • Replies: 16
    • ☆

    I also don’t understand this case. Please help.
    Contract law is confusing.

    January 9, 2017 at 8:10 am #365734
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Here’s a relevant extract from the judgement …

    “…… he (Cole, the defendant) did not plead that he had paid the 5l. 2s. 2d. in full satisfaction (as by the law he ought) but pleaded the payment of part generally; and that the plaintiff (Pinnel) accepted it in full satisfaction. And always the manner of the tender and of the payment shall be directed by him who made the tender or payment, and not by him who accepts it. And for this cause judgment was given for the plaintiff.”

    In plain English, the action of paying early was at the instigation of Cole and not at the request of Pinnel

    If it had been Pinnel that had said to Cole “Hey Cole, you know that 8l. 10s. that you owe me? Is there any chance that you could let me have 5l. 2s. 2d. now and we’ll call the debt fully discharged?” then the decision would likely have been against Pinnel and in favour of Cole

    The key here is that it was Cole that suggested the early settlement and not Pinnel

    Is that better for you both?

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Dileena on Sources of finance – Islamic Finance – ACCA (AFM) lectures
  • amaanalli on Governance – ACCA Strategic Business Leader (SBL)
  • nabeelafatima on Using Information Systems – ACCA Performance Management (PM)
  • John Moffat on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures
  • Fangzi on The cost of capital (part 1) – ACCA (AFM) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in