Question
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.
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.
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Andersons Business Law and the Legal Environment
Authors: David p. twomey, Marianne moody Jennings
21st Edition
1111400547, 324786662, 978-1111400545, 978-0324786668
