If there is more than one creditor and all agree to accept in full settlement only a fraction of the amount owed, the agreement will cancel the unpaid balance due them.
Author: Anonymous
A contract is that is not for a lawful purpose to be achieve…
A contract is that is not for a lawful purpose to be achieved in a lawful manner:
Special federal courts:
Special federal courts:
When no time is specified in the offer, the reasonable time…
When no time is specified in the offer, the reasonable time an offer is open:
A mutual mistake concerning a material fact:
A mutual mistake concerning a material fact:
Is it the plaintiff who has the burden of proving facts adeq…
Is it the plaintiff who has the burden of proving facts adequate to support the allegations in the complaint?
A new contract replacing an old one is enforceable:
A new contract replacing an old one is enforceable:
Unjust enrichment:
Unjust enrichment:
Unlike the case of an oral contract, when a contract is writ…
Unlike the case of an oral contract, when a contract is written, there cannot be a dispute between the parties as to the terms of the agreement.
A valid offer:
A valid offer: