Sam owes Lyle $300. Sam promises, in writing, to give Lyle a PlayStation 5 in lieu of

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Sam owes Lyle $300. Sam promises, in writing, to give Lyle a PlayStation 5 in lieu of payment of the debt.

Lyle agrees, and Sam delivers the gaming console. Substituting and performing one duty for another is

a. a rescission.

b. an accord and satisfaction.

c. a novation.

d. none of the above.

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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 25, 2024 05:00 AM

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Sam owes Lyle $300. Sam promises, in writing, to give Lyle a PlayStation 5 in lieu of

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b an accord and satisfaction An accord and satisfaction is a form of sett...View the full answer

Business Law Text And Exercises

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