LAWS 3003 Lecture 6: lecture 6
Document Summary
As the result of a previous judgment of the court of exchequer, foakes owed beer. 2,090 19s: the two parties entered into an agreement on december 21, 1876 (not under seal) that. Beer claimed she was entitled to interest because the debt was not paid off immediately. Foakes claimed there was a contract with no mention of interest which. Beer claimed was invalid because she did not receive any consideration. Payment of a lesser amount cannot serve as satisfaction of a larger amount. In 1937 high trees house ltd. leased a block of flats for a rate 2,500/year from central. Due to the war and the resultant heavy bombing of london occupancy rates were drastically lower than normal. In january 1940, to ameliorate the situation the parties made an agreement in writing to reduce rent by half. However, neither party stipulated the period for which this reduced rental was to apply.
