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Jimmy borrowed $1000 from Jason on January 4, 2019 and agreed to pay it back in one year. On January 5, 2020 Jimmy told Jason

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Jimmy borrowed $1000 from Jason on January 4, 2019 and agreed to pay it back in one year. On January 5, 2020 Jimmy told Jason he knows the loan is due, but he can only pay $300. Jason accepted that amount and agreed in writing with Jimmy that this was in full satisfaction of the debt. Jason cashed the check, then sued Jimmy for the remaining $700. Discuss the arguments the parties would make as to whether Jason can recover the $700. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial V 10pt V v A TX ... P O WORDS POWERED BY TINY

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