Collier v P & M J Wright (Holdings) Ltd – WLR Daily

Posted December 17th, 2007 in bankruptcy, debts, law reports by sally

 Collier v P & M J Wright (Holdings) Ltd

Where a debtor offered to pay part only of the amount he owed and the evidence showed the creditor voluntarily accepted that offer, and relying on that acceptance the debtor paid that part of the amount he owed in full, the creditor would be bound to accept that sum in full and final satisfaction of the whole debt by virtue of the doctrine of promissory estoppel.”

WLR Daily, 17th December 2007


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