Deb owes Jim $5,500. In need of the money, Jim threatens to foreclose on the debt. Deb
Question:
Deb owes Jim $5,500. In need of the money, Jim threatens to foreclose on the debt. Deb offers to pay
$5,000 immediately to settle Jim’s claim. Jim agrees. This is
a. promissory estoppel.
b. a release.
c. an accord and satisfaction.
d. an unenforceable contract.
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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