Solved

Morton Owed Dowd $1,000

Question 34

Multiple Choice

Morton owed Dowd $1,000. The debt was due on May 1. The debt would not be discharged if


A) on the due date, Dowd agreed to accept $500 and a watch valued at $150 in full settlement of the debt.
B) Dowd insisted the debt was $1,000, but Morton claimed it was $500, and they compromised on $650 in full settlement.
C) on April 15, Dowd agreed to accept $500 in full settlement.
D) on July 1, Dowd orally agreed to accept $500 in full settlement of the $1,000 debt.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents