Solved

If a Merchant Receives and Cashes a Check for Partial

Question 22

True/False

If a merchant receives and cashes a check for partial payment of a debt and the check bears the notation that the amount is in full payment of a disputed sum, the total debt is released.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: Which of the following is not consideration

Q18: An agreement to pay reasonable additional compensation

Q19: A landowner's promise to pay a contractor

Q20: When there is no consideration for a

Q21: An illusory promise creates a bilateral contract.

Q23: Consideration is not required in:<br>A) contracts for

Q24: The doctrine of promissory estoppel is also

Q25: Sara Student wished to pay off her

Q26: Charitable pledges or subscriptions are binding on

Q27: Damages recoverable in a case of promissory