If You Owe Mr

Multiple Choice

If you owe Mr. Storr $900 for goods received and Mr. Storr agrees to take $800 in full satisfaction of the debt, which of the following is true?

A) At common law, such a one-sided promise is always binding and Mr. Storr could sue for the remaining $100.
B) Many jurisdictions have passed legislation preventing Mr. Storr from suing you for the difference if he actually takes the $800.
C) The issue of consideration is irrelevant when dealing with satisfaction of a debt.
D) Even if you take the $800 to him, Mr. Storr can later sue you for the $100 on the principle of quantum meruit.
E) Under these circumstances, you only have to pay a reasonable price for the goods.