William owes Andrew $10,000 for some house remodeling work that Andrew performed on William's house. William loses
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William owes Andrew $10,000 for some house remodeling work that Andrew performed on William's house. William loses his job and cannot afford to pay Andrew. Andrew agrees to accept $5,000 and an antique coffee table from William instead of the $10,000. Their agreement is a covenant not to sue.
A release.
An accord.
A satisfaction.
Related Book For
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
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