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Composition |
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COMPOSITION, contracts. An agreement, made upon a sufficient consideration,
between a debtor and creditor, by which the creditor accepts part of the
debt due to him in satisfaction of the whole. Montagu on Compos. 1; 3 Co.
118; Co. Litt. 212, b; 4 Mod. 88; 1 Str. 426; 2 T. R. 24, 26; 2 Chit. R.
541, 564; 5 D. & R. 56 3 B. & C. 242; 1 R. & M. 188; 1 B. & A. 103, 440; 3
Moore's R. 11; 6 T. R. 263; 1 D. & R. 493; 2 Campb. R. 283; 2 M. & S. 120; 1
N. R. 124; Harr. Dig. Deed VIII.
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