
Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
النسخة 12الرقم المعياري الدولي: 978-1111530594
Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
النسخة 12الرقم المعياري الدولي: 978-1111530594 تمرين 2
QUESTION WITH SAMPLE ANSWER: Discharge by Agreement.
Junior owes creditor Iba $1,000, which is due and payable on June 1. Junior has been in a car accident, has missed a great deal of work, and consequently will not have the funds on June 1. Junior's father, Fred, offers to pay Iba $1,100 in four equal installments if Iba will discharge Junior from any further liability on the debt. Iba accepts. Is this transaction a novation or an accord and satisfaction? Explain.
Junior owes creditor Iba $1,000, which is due and payable on June 1. Junior has been in a car accident, has missed a great deal of work, and consequently will not have the funds on June 1. Junior's father, Fred, offers to pay Iba $1,100 in four equal installments if Iba will discharge Junior from any further liability on the debt. Iba accepts. Is this transaction a novation or an accord and satisfaction? Explain.
التوضيح
This agreement is a novation. A novation...
Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
لماذا لم يعجبك هذا التمرين؟
أخرى 8 أحرف كحد أدنى و 255 حرفاً كحد أقصى
حرف 255

