news for debt collectors," caused me to think of contract law issues. Imagine that Tom owes $10,000 on his credit cards, then loses his job and cannot keep up on his monthly payments. His $10,000 debt is due February 1, 2019, The employee of the collection agency told Tom on February 15, that if Tom paid $6,000 by February 20, the $4,000 would be written off. Which of the following is correct? a. Tom doesn't owe the $4,000, if he pays the $6,000 by February 20, 2019, since he accepted the offer b. Torn doesn't owe the $4,000, if he pays the $6,000 by February 20, 2019, because of the present value of money. c. Tom owes the $4,000, even if he pays the $6,000 by February 20, 2019, because there is no genuineness of assent, d. Torn owes the $4,000, even if he pays the $6,000 by February 20, 2019, because Tom has not nrovided anv newr consideration. e- None of these. 3. The