What must be done to make the contract binding

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Reference no: EM131471467

Question: 1. If Davis owes Dennis $10,000, and Dennis offers to settle for $7,000, what must be done to make the contract binding?

2. When will courts apply the doctrine of promissory estoppel?

3. What is the effect of the giving and acceptance of a secured note in return for an unsecured note for a greater amount? Why?

Reference no: EM131471467

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