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Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 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?
Explanation
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Accord:
An accord is reached when both ...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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