Provide the result in given situation

Assignment Help Management Theories

Reference no: EM131377793

a. Ann owed $500 to Barry for services Barry rendered to Ann. The debt was due June 30, 2007. In March 2008, the debt was still unpaid. Barry was in urgent need of ready cash and told Ann that if she would pay $150 on the debt at once, Barry would release her from the balance. Ann paid $150 and stated to Barry that all claims had been paid in full. In August 2008, Barry demanded the unpaid balance and subsequently sued Ann for $350. Result?

b. Modify the facts in (a) by assuming that Barry gave Ann a written receipt stating that all claims had been paid in full. Result?

c. Modify the facts in (a) by assuming that Ann owed Barry the $500 on Ann's purchase of a motorcycle from Barry. Result?

Reference no: EM131377793

Questions Cloud

May keith recover the given from george : Keith endorsed and cashed the check. Thereafter, Keith unsuccessfully sought to collect from George an alleged unpaid balance of $600. May Keith recover the $600 from George?

Why secondary amine does not give carbylamine reaction : Why secondary and tertiary amine doesn''t give carbylamine reaction

Describe the effect of varying each parameter : List the spring parameters that can be changed while keeping the Iron Arms plastic ring geometry the same. Describe the effect of varying each parameter.

Can ralph rescind his promise : Ralph, knowing that his son, Ed, desires to purchase a tract of land, promises to give him the $25,000 he needs for the purchase. Ed, relying on this promise, buys an option on the tract of land. Can Ralph rescind his promise?

Provide the result in given situation : Ann paid $150 and stated to Barry that all claims had been paid in full. In August 2008, Barry demanded the unpaid balance and subsequently sued Ann for $350. Result?

List the common spring materials presented : Which materials are listed as highly susceptible to hydrogen embrittlement?

Is there a contract between joyce and hill : On May 18, Hill, known to Joyce, sold the house to Gray, who was ignorant of the unrecorded option. On May 20, Joyce sent an acceptance to Hill who received it on May 25. Is there a contract between Joyce and Hill? Explain.

Compute the spring rate and the solid height : A helical compression spring used for essentially static loading has d = 0.100 in., D = 0.625 in., N = 8, and squared and ground ends. It is made of ASTM A227 cold-drawn steel wire.

Who should prevail in given situation : Subsequently, Great American sued Berryessa on the note. He defends against the note on the grounds of duress and counterclaims for the return of the $1,500 and the cancellation of the uncashed $500 check. Who should prevail?

User Account

All Pages