• Que.

    pinnel's case

    Answer:-

    In Pinnel's Case, a landmark legal decision from 1602, the court established the principle of part payment as valid consideration for the discharge of a debt. This ruling clarified that if a debtor pays a lesser amount than owed and the creditor accepts it, they cannot later sue for the remaining balance. However, this decision has been subject to criticism and subsequent legal developments. While it provided certainty in contractual obligations, it also raised questions about fairness and the potential for exploitation. Pinnel's Case remains significant in contract law history for its impact on the doctrine of consideration and debt settlement.

    Apr 05 2024

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