LAW OF CONTRACT - REVISION NOTES

University of Cambridge
Part-payment

Ø Pinnel (1602) – Laid down the basic rule and exceptions. Part payment if made earlier can discharge a debt, in another form, or different place, subject to the agreement by the creditor’s approval.
Ø Foakes and Beer (1602) – Laid down the basic rule and exceptions. Part payment if made earlier can discharge a debt, in another form, or different place, subject to the agreement by the creditor’s approval.
Ø D & C Builders v Reeves (1602) – 482 pounds - £300 in full settlement aid down the basic rule and exceptions. Part payment if made earlier can discharge a debt, in another form, or different place, subject to the agreement by the creditor’s approval.
Ø Williams v Roffey -
Ø Re Selectmove – Practical benefit does not apply part payment of existing debt tax.

Promissory Estoppel

A promise to be acted on, in fact acted on and will be inequitable for the promissory to get back on it. It should have relied upon to guide their relationship and seriousness of the promise.
Ø High Street Case – Rent reduction during the war and reversion after the war
Ø Huge and Metropolitan Railways (1877) – Forfeiture of lease would lead to tenant not having a roof on their head
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