Billy owes a liquidated debt of $3,000 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

Quizplus · Accepted Answer

Marking a check as "Payment in Full" is not enough to discharge a liquidated debt unless there is a previous agreement or accord and satisfaction between the parties. Rayna can still sue Billy for the remainder of the debt if she cashes the check.

Billy Owes a Liquidated Debt of $3,000 to Rayna,his Personal