Bill recently borrowed $50 from Ricardo for a couple of weeks. Bill, still short of cash, tells Ricardo, "I will wash and wax your car in exchange for the $50 I owe you." Ricardo tells Bill, "OK, that's great!" Ricardo's performance of his new duty will be:
A) an accord.
B) a novation.
C) a rescission.
D) a satisfaction.

Question

Quizplus · Accepted Answer

The performance of the new duty, which is washing and waxing the car, is considered a satisfaction. An accord is the agreement to accept the new duty, and satisfaction is the execution of that duty.

Bill Recently Borrowed $50 from Ricardo for a Couple of Weeks