Renee contracts with Scott to pay him $25,000 for his work on Renee's new album "Hip Pop." After Scott performs, they sign an accord, in which Renee promises to pay him $21,000 within thirty days instead of $25,000 later. But she does not pay. Scott can sue Renee on
A) neither the accord nor the original obligation
B) the accord only.
C) the accord or the original obligation.
D) the original obligation only.
C
You might also like to view...
Which of the following is usually expressed in the form of a percentage?
a. rate of interest; b. principal of the note; c. time of the note; d. discount of the note; e. maturity value
Explain the difference between the straight-line method and the effective interest method when amortizing bond discounts and premiums.
What will be an ideal response?
Which of the following can act as a leadership neutralizer?
A. High intergroup conflict B. High intragroup conflict C. High group cohesiveness D. Low group cohesiveness E. Ambiguous project parameters
Financial managers administer the financial affairs of all types of businesses such as private and public, large and small, and profit seeking and not for profit
Indicate whether the statement is true or false