Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If she sends him a check for $400, and writes on the check cashing this check constitutes acceptance of this amount as payment in full

If she sends him a check for $400, and writes on the check "cashing this check constitutes acceptance of this amount as payment in full for the debt incurred on March 5 for the auto work." If he cashes the check, can Raj later sue her for $100?

Group of answer choices

Yes, because once you have incurred a debt, you are always liable for paying the debt in full, so acceptance of a lessor amount does not cancel the remainder of the original debt.

Yes, if it is an unliquidated debt.

Yes, if it is a liquidated debt.

No, because if you say you are accepting a lower amount, then you have modified the contract and are bound by the new terms.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algorithmic Finance A Companion To Data Science

Authors: Christopher Hian-ann Ting

1st Edition

9811238308, 978-9811238307

More Books

Students also viewed these Finance questions

Question

4. are internal bodily processes that occur on a daily cycle.

Answered: 1 week ago