Roxane's daughter, Perla, borrows $10,000 from the local credit union. The full amount is due on November 10, 2021. Due to the pandemic and increase schoolwork, Perla has not been able to save the money to pay the debt. Roxane contacted the credit union and offer to pay $10,500 if the credit union release Perla from any further liability on the debt. The credit union accepts. Please discuss all the legal issues

Identify and discuss the relevant legal issues and discuss them fully.Specifically, state what you think the outcome will be and why.Be sure to include the applicable general rules as well as any exceptions and whether they apply.Consider each element of the cause of action as well as defenses.Your response should range between250and350words.Use the IRAC method.The issue then Rule of law,Analysis, and conclusion.