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Business Law Jay owed his contractor $5000 for building a new deck on his house, but had not paid him for a period of over

Business Law

Jay owed his contractor $5000 for building a new deck on his house, but had not paid him for a period of over two months. He finally offered to give the contractor $4000 if the contractor promised not to sue him for the balance. The contractor took the $4000 and promised not to sue Jay for the rest. Now, he has decided he wants the additional $1000. Can he get it from Jay?

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