X owed Y a debt in the amount of $1,000. The debt was payable on June 1 st . If Z, a friend of X, paid $900 to Y as payment in full of the debt owed by X, and Y accepted the sum, Y could not later demand the remaining $100 from X.

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Ashley Sartin · Accepted Answer

Final Answer : True, Explanation :  When Y accepted the $900 from Z as payment in full for the debt owed by X, it constituted an accord and satisfaction, which legally discharges the original debt, preventing Y from later demanding the remaining $100 from X.

X owed Y a debt in the amount of $1,000. The debt was payable on June 1^st. If Z, a friend of X, paid $900 to Y as payment in full of the debt owed by X, and Y accepted the sum, Y could not later demand the remaining $100 from X.

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X owed Y a debt in the amount of $1,000. The debt was payable on June 1st. If Z, a friend of X, paid $900 to Y as payment in full of the debt owed by X, and Y accepted the sum, Y could not later demand the remaining $100 from X.

Definitions

Learning Objectives

Learning Objectives

Related questions

X owed Y a debt in the amount of $1,000. The debt was payable on June 1^st. If Z, a friend of X, paid $900 to Y as payment in full of the debt owed by X, and Y accepted the sum, Y could not later demand the remaining $100 from X.