Question
For each of the following scenarios, identify (i) the way this debt was created (by contract, assignment, law, or court judgment); (ii) whether the debt
For each of the following scenarios, identify (i) the way this debt was created (by contract, assignment, law, or court judgment); (ii) whether the debt or claim is liquidated, unliquidated, or partially liquidated; and (iii) whether the debt is contingent or non-contingent.
1. Sally Client has pled guilty to the crime of shoplifting and has been ordered by the court to pay $500 in restitution to the merchant from whom she stole. Client is relieved she got no jail time and plans no appeal.
2. Richard Client bought a car from Honest Jack's Used Cars for $15,000. Later, he learned that Honest Jack had run back the mileage odometer on the car before selling it to him. The car showed only 60,000 miles when Client bought it, but it actually had 160,000 miles on it. The car that he paid $15,000 for is actually worth only $5,000. Client sues, asking for the difference in the value of the car plus punitive damages.
3. Dorothy Client agreed to paint Fred's house for $1,000. She finished the job and Fred was happy with it but said he had no money to pay her.
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