Multiple Choice
Sarah agrees to paint John's house for $5,000.After Sarah finishes the job,John complains that it was not done correctly.After much discussion,they agree that the contract will be satisfied if John gives Sarah $4,000 and a certain diamond necklace.Which of the following statements is true concerning this situation?
A) This is an accord and satisfaction; if John fails to perform, Sarah can sue only for the $4,000 and the necklace.
B) This is an accord and satisfaction; if John fails to perform, Sarah can sue only for the $5,000 originally promised.
C) This is an accord and satisfaction; if John fails to perform, Sarah can sue to enforce either the original $5,000 or the $4,000 and the necklace.
D) This is a novation; if John fails to perform, Sarah can sue to enforce either promise.
E) This is a novation; only the last promise can be enforced.
Correct Answer:
Verified
Correct Answer:
Verified
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