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

تمرين 2

Maybe borrowed $10,000 from Quimby and gave Quimby a promissory note for that amount. The due date of the note was September 30. On September 10, Maybe offered and Quimby accepted $8,000 in full satisfaction of the note. On October 7, Quimby demanded that Maybe pay the $2,000 balance on the note. Maybe refused claiming that the $8,000 payment satisfied his obligation to Quimby. Do you agree?