The promise to refrain from doing something that a party has a legal right to do, or the promise of inaction, is known as:
A) forbearance.
B) consideration.
C) general release.
D) pledge or subscription.

Question

Quizplus · Accepted Answer

Forbearance refers to the promise to abstain from doing something that a party has a legal right to do. In a contract, this promise of inaction serves as consideration, which is a necessary element for a legally binding agreement. A general release is a legal document that provides a waiver of claims or liabilities against a party, while a pledge or subscription refers to a promise to donate or contribute funds to a cause or organization.

The Promise to Refrain from Doing Something That a Party