Some articles on existing liability:
... Like section 2(1)(a), this requires an existing liability to make payment but, unlike (a), it does not require that the creditor knows they are "letting the defendant off" ... by way of conditional satisfaction of an existing liability is to be treated not as being paid but as being induced to wait for payment ... with intent to make permanent default in whole or in part on any existing liability to make a payment of his own, or with intent to let another do so ...
Famous quotes containing the word existing:
“... when I awake in the middle of the night, since I knew not where I was, I did not even know at first who I was; I only had in the first simplicity the feeling of existing as it must quiver in an animal.... I spent one second above the centuries of civilization, and the confused glimpse of the gas lamps, then of the shirts with turned-down collars, recomposed, little by little, the original lines of my self.”
—Marcel Proust (18711922)