This is for my BUS LAW I Class, it is an open book exam, please make sure you get the right answer, if you don't just say dont know. Because last time I got 6 wrong questions out of ten answered in chegg.

QUESTION 1

1. Connor borrows $10,000 from Friendly Finance Company, payable in one year. There is no dispute about the amount of debt; both Connor and Friendly agree that Connor owes the full $10,000. On the day payment is due, Connor sends Friendly a check for $9,000 marked: "Payment in full for all claims Friendly Finance has against me." Friendly cashes Connor's check, thus arguably making an implied promise to accept it as full payment by cashing it. Friendly later sues Connor for the remaining $1,000 balance on the loan. Will the court enforce the remaining $1,000 against Connor (meaning will the court require Connor to pay it)?

   	A.	Yes
   	B.	No

2. QUESTION 2

3. Same scenario: Connor borrows $10,000 from Friendly Finance Company, payable in one year. There is no dispute about the amount of debt; both Connor and Friendly agree that Connor owes the full $10,000. On the day payment is due, Connor sends Friendly a check for $9,000 marked: "Payment in full for all claims Friendly Finance has against me." Friendly cashes Connor's check, thus arguably making an implied promise to accept it as full payment by cashing it. Friendly later sues Connor for the remaining $1,000 balance on the loan. This case is an example of:

   	A.	Unliquidated (disputed) debt
   	B.	Liquidated (undisputed) debt

4. QUESTION 3

5. Same scenario: Connor borrows $10,000 from Friendly Finance Company, payable in one year. There is no dispute about the amount of debt; both Connor and Friendly agree that Connor owes the full $10,000. On the day payment is due, Connor sends Friendly a check for $9,000 marked: "Payment in full for all claims Friendly Finance has against me." Friendly cashes Connor's check, thus arguably making an implied promise to accept it as full payment by cashing it. Friendly later sues Connor for the remaining $1,000 balance on the loan. Connor gave no consideration in exchange for Friendly's implied promise to accept $9,000 as full payment because Connor had a preexisting contractual duty to pay.

   	A.	True
   	B.	False
   	C.	I'll just get this one wrong because I don't have a clue. :)

6. QUESTION 4

7. Change the facts slightly: Now let's assume that Connor did not pay the $9,000 on the due date, but instead paid the $9,000 one month prior to the due date. Would this have any effect on the case?

8. 	A.	No, because Connor has not provided consideration.
   	B.	Yes, because Connor paid early which is something he did not have a preexisting duty to do.
   	C.	Yes, because Connor's early payment would serve as consideration for Friendly's implied promise to accept $9,000 early as full payment.
   	D.	Both B & C are correct.