Percy owes Casper $10,000.Pursuant to their agreement Percy must pay Casper the entire sum on 31 October 2011.Which of the following statements is not true concerning the arrangement?
A) If Casper agrees that Percy can discharge the debt by paying $5,000 on 30 September 2011 and Percy does so, Casper cannot subsequently insist that Percy pays the entire sum.
B) If Casper agrees that Percy can discharge the debt by paying $5,000 in US currency and Percy does so, Casper cannot subsequently insist that Percy pays the balance of the debt.
C) If Casper agrees that Percy can discharge the debt by paying $1,000 and washing Casper's car for 6 months and Percy does so, Casper cannot subsequently insist that Percy pays the whole of the debt.
D) If Casper feels sorry for Percy and tells him in a telephone conversation that he need only pay half the debt Casper cannot subsequently change his mind and insist on payment of the entire sum.
Correct Answer:
Verified
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