Contracts
-Pamela owes Patricia $1200 for a motorcycle she purchased from Patricia. Pamela gave Patricia $200 checks for each of first 5 monthly payments. She then gave Patricia a check for $100 for the last payment. On the back of the check she wrote, " full satisfaction." Patricia wants the full final payment of $200. What is the best way for Pamela to ensure that Patricia fulfills her part of the contract by paying the balance of $200?
A) Return the check to Pamela and request payment of $200.
B) Cross out the "full satisfaction" notation, cash the check, and request payment of $100 from Pamela.
C) Cash the check and request payment of $100 from Pamela.
D) A or B.
E) A, B, or C.
Correct Answer:
Verified
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