InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
Write Brief Notes On Compromise? |
|
Answer» COMPROMISE is an agreement in terms of which parties settle a dispute or some uncertainty between themselves. Compromise DIFFERS from true novation in that compromise does not require a VALID old obligation to have existed. The purpose of a compromise is to secure a FINAL settlement of a dispute or uncertainty, sometimes as to WHETHER there is a debt at all. Compromise is an agreement in terms of which parties settle a dispute or some uncertainty between themselves. Compromise differs from true novation in that compromise does not require a valid old obligation to have existed. The purpose of a compromise is to secure a final settlement of a dispute or uncertainty, sometimes as to whether there is a debt at all. |
|