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Unformatted text preview: len hired David Vause to construct an exercise center in her home. After completing
the job, he sent her a bill for $3,000. Based on the cost of similar work done for several of her
neighbors, Smolen stated that $2,000 was a fair price. Vause said that the market rate for quality
work was $3,000, but that he would accept $2,500. Smolen agreed and remitted a $2,500 check
in full payment of the debt. The parties have
compromised a liquidated debt.
concluded a composition with a creditor.
reached an accord and satisfaction.
reached an accord without satisfaction. 196.
d. Destruction of the subject matter has what effect on the offer?
The offer is terminated.
The offer is delayed until additional subject matter can be located.
This creates an impossibility of fact that does not terminate the offer.
The offer is merely delayed under the “Hardship Rule.” 197. Divided Parcel Service includes the following on its mailing receipts: “We are not responsible
for any damages to packages whether or not through the fa...
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- Fall '12
- The Lottery