Bill recently borrowed $50 from Ricardo for a couple of weeks.Bill,still short of cash,tells Ricardo,"I will wash and wax your car in exchange for the $50 I owe you." Ricardo tells Bill,"OK,that's great!" Ricardo's performance of his new duty will be a(n):
A) accord.
B) novation.
C) rescission.
D) satisfaction.

Question

Quizplus · Accepted Answer

Ricardo's agreement to accept the performance of washing and waxing his car as a way to satisfy the $50 debt is a satisfaction, as it fulfills the obligation under the original contract.

Bill Recently Borrowed $50 from Ricardo for a Couple of Weeks.Bill,still