Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Incorrect Question 46 0 / 1 pts Ravi is treated by his dentist, Janelle, and agrees to pay the co-pay of $1090.00. Later, Ravi informs

image text in transcribed
Incorrect Question 46 0 / 1 pts Ravi is treated by his dentist, Janelle, and agrees to pay the co-pay of $1090.00. Later, Ravi informs Janelle that he cannot pay the debt owed, but can pay 70%, or $763.00. Janelle agrees to this lesser amount as the amount owed. What is not true about this agreement: C Janelle is giving up the right to hold out for more money. C Ravi is giving up $763.00. WRONG ANSWER A Composition Agreement has been met. Both Janelle and Ravi are giving up their rights to litigate a dispute. C If Ravi comes into more money, Janelle can come back later and sue Ravi for the remaining balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Accounting A Critical Approach

Authors: John Friedlan

4th edition

1259066525, 978-1259066528

More Books

Students also viewed these Law questions