Deb owes Jim $5,500. In need of the money, Jim threatens to foreclose on the debt. Deb

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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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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 24, 2024 12:00 AM

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Deb owes Jim $5,500. In need of the money, Jim threatens to foreclose on the debt. Deb

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Accord and Satisfaction in Contract Law In the scenario provided Deb owes Jim 5500 and Jim threatens ...View the full answer

Business Law Text And Exercises

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