Question: 1 . Ray borrowed $ 2 5 , 0 0 0 from Lenny on January 1 , and agreed to pay itback on June 1

1. Ray borrowed $25,000 from Lenny on January 1, and agreed to pay itback on June 1.(a) On June 2, Ray telephoned Lenny and explained that he was havingfinancial problems. In that conversation, Lenny promised Ray that if Ray paid him$20,000, he would take that amount in full satisfaction of Rays debt. The nextday, Ray sent Lenny a check for $20,000 on which Ray had written in fullsatisfaction of my loan obligation. Lenny cashed the check and then sued Rayfor $5,000. Judgment for whom? Explain

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