Mr Zin wants to renovate some part of his house. He hires a contractor to renovate his kitchen for Tk30,000. The contract requires a Tk12,000 down payment, Tk10,000 paid during the renovation process and the remaining tk 8,000 to be paid upon completion of the kitchen. However, when the kitchen is complete, the homeowner finds the work shoddy (not up to mark) and refuses to pay. Situation A. What kind of dealing would be following situation whereby the homeowner agrees to pay Tk.3,000; he is getting a discount on the price of the kitchen in return for having a shoddily constructed kitchen, and gives up his right to sue. The contractor is paying Tk5,000 in order to avoid being sued by the homeowner, and gives up his right to sue for the full Tk 8,000. Both parties give something up to limit their downside liability. Q1. Under which situation one party may take less than what he deserves? (mark 3) Q2 Discuss from both points of view accord and satisfaction (owner Mr. Zin and constructor )