In Settling a Liquidated Debt,payment of a Smaller Amount Before

question 46

True/False

In settling a liquidated debt,payment of a smaller amount before the due date would constitute consideration,but paying a lesser amount on the due date at an agreed-upon different place of payment would not be legally sufficient consideration.

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Definitions:

Specific Point

A distinct and precise location or idea.

Standing Room

Areas in a venue, such as a theater or sports arena, where spectators stand to watch the event, typically at a lower cost than seated tickets.

Rush Ticket

Discounted tickets offered for a performance, typically on the day of the event, aiming to ensure fuller attendance.

Montreal Canadiens

A professional ice hockey team based in Montreal, Quebec, known for its rich history and numerous Stanley Cup championships.