This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
Dismissal of an action instituted in good faith is a valuable consideration;1 as discontinuance of attachment proceedings,2 or a suit contesting a will,3 or the dismissal of a prosecution for removing goods of a debtor to prevent a levy.4 Thus such dismissal by A is consideration for B's promise to pay A's attorney's fees,5 or costs,6 or money.7 The act of a creditor in dismissing proceedings in involuntary bankruptcy against a debtor is consideration for the promise of a third person to give his note to such creditor for such debt.8
 
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