Hamer v. Sidway, 124 N.Y. 538, 27 N.E. 256 (N.Y. 1891), was a noted decision by the New York Court of Appeals (the highest court in the state), New York, United States. Hamer v. Sidway is an important case in American contract law which established that forbearance of legal rights (voluntarily abstaining from one's legal rights) on promises of future benefit made by other parties can constitute valid consideration (the element of exchange generally needed to establish a contract's enforceability in common law systems).
Read more about Hamer V. Sidway: Facts, Opinion of The Court, Influence of The Case
Famous quotes containing the word hamer:
“With the people, for the people, by the people. I crack up when I hear it; I say, with the handful, for the handful, by the handful, ‘cause that’s what really happens.”
—Fannie Lou Hamer (1917–1977)