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1) Thelma owes Louise $100,000 which was due on April 1st. On April 15th, Thelma offers to pay Louise $75,000 if Louise will agree to
1) Thelma owes Louise $100,000 which was due on April 1st. On April 15th, Thelma offers to pay Louise $75,000 if Louise will agree to accept the $75,000 in full satisfaction of the debt. Louise agrees and Thelma pays $75,000. Louise then sues Thelma for the remaining $25,000. Thelma defends on the ground that the debt has been discharged. 2) Thelma owes Louise $100,000 due on April 1st. Thelma offers to pay Louise $75,000 on March 1st if Louise agrees to accept the $75,000 as full payment of the debt. Louise agrees. Thelma pays Louise the money on March 1st. Louise accepts the $75,000 and sues Thelma for the remaining $25,000. In this case
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
978-1133939153
