Explain claiming that they had entered into an accord

Assignment Help Business Management
Reference no: EM1353715

Sam Student had borrowed $1,000 from his cousin. Sam and the cousin became involved in a heated disagreement when the cousin began to press Sam for repayment of the loan. Finally, Sam wrote a check for $190 to the cousin and conspicuously wrote on the check in big letters that it was full and final payment of the $1,000 loan. In need of money, the cousin cashed the check and demanded the remaining $810 from Sam. Sam refused to pay, claiming that they had entered into an accord and satisfaction that discharged Sam's obligation to pay anything more. The cousin sued Sam. Discuss the probable outcome

Reference no: EM1353715

Questions Cloud

Preparing a trial balance : Refer to the T-accounts created in PE 3-17. Using the ending balances in those T-accounts, create a trial balance.
Calculate the magnitude of b when the force on the wire : At what height above the surface of the earth does the balloon have a velocity of 8.10 m/s.
Impact costs of doing business in foreign markets : Show how culture, language, and religion might influence the costs of doing business in a particular country. Support your statement with examples.
Calculate the time required for the fighter to accelerate : The catapult of the aircraft carrier USS Abraham Lincoln accelerates an F/A-18 Hornet jet fighter from rest to a takeoff speed of 77.33 in a distance of 93.57 . suppose constant acceleration.
Explain claiming that they had entered into an accord : Explain claiming that they had entered into an accord and satisfaction that discharged Sam's obligation to pay anything more
Calculate the compound annual rate of return : Using the growing perpetuity model and the growth rate you estimated in the previous question, solve for the shareholders' required rate of return that is implied through the 2007 stock price.
Importance of company culture : Provide an impression of the culture of an organization or group to which you have belonged or for which you have worked and explain both the positive and negative aspects of the culture
What would be block speed at that point : A block of mass 0.570 kg is pushed against a horizontal spring of negligible mass until the spring is compressed a distance x. The force constant of the spring is 450 N/m.
Emotions during a wedding and funeral : A comparison (similarities and differences) of how two different emotions (joyfulness & sadness) are expressed in the American and Latino culture. Explain how each of the cultures influences the expression of these emotions during a wedding and fu..

Reviews

Write a Review

Business Management Questions & Answers

  Able to adapt to the changing context

Elucidate how well will the company be able to adapt to the changing context.

  Interactive process

Why is qualitative analysis an interactive process?

  Explain returns and customer complaints

Describe A shoe manufacturing company is having a problem with returns and customer complaints in their boot division

  Comparing autocratic and democratic leadership styles

Compare and contrast Autocratic and Democratic Leadership styles. What are the pros and cons of each leadership style?

  Compare fmc green river and fmc aberdeen

Important information about Comparing FMC Green River and FMC Aberdeen - What would you recommend to increase motivation at Green River and would these recommendations be effective at other companies?

  Find the key strategic challenges facing apple computer

What are the key strategic challenges facing Apple Computer?

  Explain risk and compatibility

Explain risk and compatibility Their advertising campaign focuses on how this new razor is superior compared to other brands with fewer blades

  Relationship between the length and width of the rectangle

Describe the shape of the rectangular area by establishing a relationship between the length and width of the rectangle.

  Explain an unidentified principal

Explain an unidentified principal and Ulani indicates that she is acting as an agent on behalf of an unnamed client

  Online professors response to: organizational change

Explain what contributed to the ineffectiveness of the change? What would have made the change more effective?

  Key performance parameter

Explain the difference between a Key Performance Parameter and a Net-Ready Key Performance Parameter and state why they are important to the warfighter

  How can apple gain market share and surpass its competition

How can Apple gain market share and surpass its competition like Dell and HP in the computer segment?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd