Question
You receive a notice from Visa that you owe the credit card company $18,800 for purchasing a new vehicle last month. However, the car cost
You receive a notice from Visa that you owe the credit card company $18,800 for purchasing a new vehicle last month. However, the car cost $13,800, and you have a good faith belief that this is the only amount you owe Visa.
When a representative from Visa calls you to settle the outstanding debt for $14,800, you agree to do so. Is this settlement agreement enforceable?
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Step: 1
The detailed answer for the above question is provided below The enforceability of the settlement agreement is uncertain and depends on several factor...
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
