Billy owes a liquidated debt of $3000 to Rayna,his personal weight trainer.Billy sends Rayna a check for $300 on which he has marked,"Payment in Full." If Rayna cashes the check she will not be able to successfully sue Billy for the remainder of the debt.

Question

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The marking "Payment in Full" on a check for a lesser amount than the total debt is known as an accord and satisfaction. Rayna can choose whether or not to accept the partial payment as full satisfaction of the debt. If she cashes the check, it indicates acceptance of the accord and satisfaction, and she will not be able to sue Billy for the remaining debt. However, if she does not accept the partial payment as full satisfaction, she can still sue Billy for the remaining debt. Therefore, the statement is false.

Billy Owes a Liquidated Debt of $3000 to Rayna,his Personal