Joe owed Sam $500. Two days after the money was due, he came to Sam saying he couldn't pay the $500, but if Sam would accept $300 as full payment, Joe would pay him right then and there. Sam agreed and the money was paid. Sam then sued for the other $200. Will he win?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q163: What is promissory estoppel?
Q164: Discuss the requirement of consensus in the
Q165: Discuss the requirement of consideration and its
Q166: Discuss the validity of online transactions and
Q167: In the Pharmaceutical Society of Great Britain
Q169: What is "quantum meruit"?
Q170: The existence of a seal eliminates the
Q171: Discuss the requirements for a valid offer,
Q172: A one-sided promise the courts will not
Q173: Joe, a university student, parked his car
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents