A release of a claim not originating on contract is a consideration.1 A release by A of a claim for goods stolen by B and used in C's business without C's knowledge of the theft,2 or a release of a claim for money embezzled,3 or for fraud,4 or misrepresentation,5 are considerations. The release by stockholders of their right of action against directors for negligence, is consideration for the promise of the directors to pay the creditors of such corporation.6 The act of the state in permitting a bank to continue business with assets diminished below the legal requirement, is consideration for a note given to the bank to bring its otherwise deficient assets up to the legal requirement.7

10Muir v. Kalamazoo Corset Co., 155 Mich. 624, 119 N. W. 1079.

11 Brown v. Mitchell, 168 N. Car. 312, 84 S. E. 404.

12Fairbanks v. Sargent, 117 N. Y. 320, 6 L. R. A. 475, 22 N. E. 1039.

13 Skinner v. Fisher, 120 Ark. 91, 178 S. W. 922.

14 Brown v. Jennett, 130 la. 311, 106 N. W. 747.

15 See Sec. 566 et seq.; West Yorkshire Darracq Agency v. Coleridge [1911], 2 K. B. 326.

16 Blake v. Robinson, 129 la. 196, 105 N. W. 401.

1 Caldwell v. Ryan, 173 Ky. 233, 190 S. W. 1078; Brem v. Covington, 104 N. Car. 589, 10 S. E. 706; Dusenberry v.

Mutual Life Insurance Co., 188 Pa. St. 454, 41 Atl. 736.

2 Barrett v. Weber, 125 K. Y. 18, 25 N. E. 1068.

3 A discharge of a defaulting church treasurer from civil and criminal liability is a consideration for an assignment by his wife of an insurance policy payable to her. Dusenberry v. Life Insurance Co., 188 Pa. St. 454, 41 Atl. 736.

4 Kemp v. Bank, 109 Fed. 48, 48 C. C. A. 213.

5 Charvat v. Myers, 5 Wash. 799, 32 Pac. 726.

6 Caldwell v. Ryan, 173 Ky. 233, 190 S. W. 1078.