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book Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson cover

Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson

Edition 7ISBN: 978-1305633612
book Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson cover

Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson

Edition 7ISBN: 978-1305633612
Exercise 15
Sami walks into a restaurant. She is given a menu, which indicates that lobster is $30. Sami orders the lobster. It arrives, and Sami thinks it is very tasty. When the bill arrives, Sami tries to execute a clever ploy she learned about in her business law class. She writes a check to the restaurant for $20 and writes "full settlement" across the top. The waiter accepts the check without looking at it, and the restaurant manager later deposits it in the restaurant's bank account. Is this a liquidated or an unliquidated debt? Is Sami off the hook for the last $10?
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S purchases from a restaura...

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Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
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