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Unit 4: Chapters 12, 13, 14 Flashcards | Quizlet Daniel owes Casey a debt, the amount of which is subject to a good faith dispute The parties agree to settle the debt, with Daniel promising to pay Casey $15,000 and Casey promising to release Daniel on a $25,000 debt
Daniel owes Casey a debt, the amount of which is subject to a good . . . In this scenario, Daniel has a debt to Casey that is disputed, meaning both parties question the existing amount owed They enter into a settlement agreement where Daniel agrees to pay Casey $15,000, while Casey agrees to release Daniel from a larger debt of $25,000
Solved Daniel owes Casey a debt, the amount of which is - Chegg The settlement agreement: lacks consideration because Daniel is promising to perform a preexisting legal obligation is supported by Daniel owes Casey a debt, the amount of which is subject to a good faith dispute
Solved: Daniel owes Casey a debt, the amount of which is subject to a . . . The settlement agreement: Multiple Choice is supported by consideration lacks consideration because Casey is not giving Daniel any legal value lacks consideration because Daniel is promising to perform a preexisting legal obligation is binding under Uniform Commercial Code section 2-209 even though there is no consideration
Daniel owes Casey a debt, the amount of which is subject to a good . . . The settlement agreement: lacks consideration because Daniel is promising to perform a preexisting legal obligation is supported by consideration lacks consideration because Casey is not giving Daniel any legal value is binding under UCC section 2-209 even though there is no consideration
Daniel owes Casey a debt the amount of which is subject to a good faith . . . The agreement of consideration involves promising to do something that you are not legally obligated to do for example in the above scenario where Daniel owes Casey a debt and after he promises to pay Casey also promises to lift a burden of the total amount to be repaid which is not legally obligated to do 26
L201 Final (moore) Flashcards | Quizlet Study with Quizlet and memorize flashcards containing terms like Daniel owes Casey a debt, the amount of which is subject to a good faith dispute The parties agree to settle the debt, with Daniel promising to pay Casey $15,000 and Casey promising to release Daniel on a $25,000 debt
D owes C a debt, the amount of which is subject to a good faith dispute . . . D and C entered into a settlement agreement where D pays $15,000 to settle a disputed $25,000 debt This settlement is enforceable under the Uniform Commercial Code because it involves a good faith dispute Under contract law, resolving a dispute, even for a lesser amount, is considered valid and binding
Solved Casey Consulting Company did some work for Daniels - Chegg The parties agree to settle the debt, with Daniel promising to pay Casey $15,000 and Casey promising to release Daniel on a $25,000 debt The settlement agreement: o lacks consideration because Casey is not giving Daniel any legal value
L201 Exam 3 Practice Questions for class. 3-10 copy copy The parties agree to settle the debt, with Daniel promising to pay Casey $15,000 and Casey promising to release Daniel on a $25,000 debt The settlement agreement: a is supported by consideration