Kent Corp.(KC),general contractors building a new dorm at a university,contracted with Fine Rugs Inc.(FRI)to have certain grade of industrial rugs installed in the dorm.The contract price was $180,000.After the rugs were installed,KC was dissatisfied with the rug quality.FRI insisted that the rugs installed were appropriate to the contract specifications and demanded full payment.KC sends FRI a check for $120,000 which they believe is the proper value for the rugs installed and they mark the check,"Paid in Full".FRI writes "Under Protest" and deposits the check.FRI may now,in most states,successfully sue KC for the balance of $60,000.

Question

Quizplus · Accepted Answer

In most states depositing the check results in an accord and satisfaction even if "Under Protest" is written onto the check.

Kent Corp(KC),general Contractors Building a New Dorm at a University,contracted with with Fine