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

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Sugarhouse sued Anderson for nonpayment of a promissory note and obtained a judgment against him for $2,423.86. For two years, Anderson had financial difficulties and couldn't pay the judgment. When he learned that he could get a loan to help him pay a portion of the judgment, he reached an agreement with Sugarhouse to pay $2,200 in full settlement of the judgment. Anderson then gave Sugarhouse a check for $2,200. Before the check was cashed, however, Sugarhouse found out that Anderson had some property that he was about to sell. Sugarhouse then refused to go through with the settlement. Anderson asked the court to enforce the settlement agreement he had made with Sugarhouse. Will Anderson succeed? (Sugarhouse Finance Co. v. Anderson, Utah 610 P.2d 1369)