Multiple Choice
Ian owes $5000 to Shirley, which is payable in five instalments at an interest. However, after two instalments, Ian offers to pay Shirley the entire debt to avoid paying the interest. Which of the following will take place if Shirley announces that Ian does not have to pay the debt in further instalments?
A) Waiver
B) Negotiation
C) Release
D) Arbitration
E) Rescission
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Releases usually occur after a contracting party
Q2: If something must take place in future,
Q5: Which of the following states that parties
Q6: Acme Corporation is being sued by Howard
Q7: Under the UCC a party to a
Q8: Explain divisibility of performance.
Q9: Jenna has contracted with Ebenezer to buy
Q10: Paying for the items purchased at a
Q11: Which of the following is true of
Q74: _ is a legal term referring to