Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

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Springer tried unsuccessfully for over a year to collect a $1,000 debt from Byrd, a prominent citizen of the community, for services rendered. One evening at a dinner party, Springer casually mentioned to several of his business friends, including the president of the local bank, that he had not been able to collect the overdue debt from Byrd. As a result, Byrd was denied a personal loan that he had applied for at the bank. Byrd claims that Springer's remark was slanderous and that Springer owes him damages. Is Byrd correct?