Multiple Choice
Fernando owes Lucia $8,000. They both realize he is unlikely to be able to repay that much, so Lucia says: "Pay me $5,000 and we'll call it good." Fernando pays the $5,000. This settlement is called:
A) preexisting duty
B) liquidated debt
C) unliquidated debt
D) rescission
E) none of the other choices
Correct Answer:
Verified
Correct Answer:
Verified
Q396: The basic elements of a contract are:
Q397: The basic elements of a contract include
Q398: The parol evidence rule prohibits the introduction
Q399: A(n) _ is a binding promise to
Q400: If a party accidentally puts in a
Q402: You are hired to mow a lawn
Q403: Nominal damages can be important because:<br>A) they
Q404: Bart was supposed to deliver 100,000 firecrackers
Q405: A doctrine to avoid injustice that is
Q406: _ means that the contract basically has