Multiple Choice
Which of the following would be the result in a majority of states in regard to Penny's obligation to the dive shop?
A) That because the debt was unliquidated and the dive shop cashed the check, an accord and satisfaction occurred, and Penny owes nothing.
B) That because the debt was liquidated, no accord and satisfaction occurred, and Penny owes the full $2,000.
C) That in order to satisfy equitable principles, the parties would split the remaining debt with Penny owing $1,000.
D) That under the UCC, Penny would be required to pay the full amount, but the dive shop would be estopped from charging any interest.
E) That because the dive shop offered, through issuance of the check, full repayment, no accord and satisfaction existed; Penny owes the full $2,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Which of the following is an exception
Q35: Consideration is optional in every contract.
Q37: Which of the following is true regarding
Q38: Tina,an experienced pool contractor,and Bruce agree on
Q40: Which of the following is true regarding
Q41: What is Credit Card Company A's best
Q43: Which of the following is true regarding
Q45: Which of the following was involved when
Q46: Which of the following is true regarding
Q83: Define and discuss promissory estoppel, and give