Can Joe successfully sue Timmy for the rest of the money owed?
A)Yes,because the car which Joe accepted was worth less than the debt owed.
B)Yes,because the debt is Unliquidated debt.
C)No but Joe can sue Jennifer for selling Timmy a car with inadequate consideration.
D)Yes,because the debt is a liquidated debt.
E)No,because there is an exception to the rule regarding unliquidated debt when the debtor offers different performance.

Question

Quizplus · Accepted Answer

A)An exception to the rule regarding liquidated debt occurs when the debtor offers different performance.If the creditor accepts,regardless of hidden intent to sue,the debt is still paid in full and the creditor may not sue for any additional money.
B)An exception to the rule regarding liquidated debt occurs when the debtor offers different performance.If the creditor accepts,regardless of hidden intent to sue,the debt is still paid in full and the creditor may not sue for any additional money.
C)An exception to the rule regarding liquidated debt occurs when the debtor offers different performance.If the creditor accepts,regardless of hidden intent to sue,the debt is still paid in full and the creditor may not sue for any additional money.

Can Joe Successfully Sue Timmy for the Rest of the Money