- This topic has 1 reply, 2 voices, and was last updated 9 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
past consideration is sufficient to create liability on a bill of exchange
what is this meanWhere you do something for me and I say “Syed, I can’t pay you straight away, will you accept a 90 day bill of exchange?” and you say “Yes”
Your work was completed before any bill of exchange was mentioned but I can’t claim it as past because ….
…. past consideration is sufficient to create a liability for me in support of a bill of exchange
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.