Percy Owes Casper $10,000

question 22

Multiple Choice

Percy owes Casper $10,000.Pursuant to their agreement Percy must pay Casper the entire sum on 31 October 2011.Which of the following statements is not true concerning the arrangement?

• A)If Casper agrees that Percy can discharge the debt by paying $5,000 on 30 September 2011 and Percy does so, Casper cannot subsequently insist that Percy pays the entire sum.
• B)If Casper agrees that Percy can discharge the debt by paying $5,000 in US currency and Percy does so, Casper cannot subsequently insist that Percy pays the balance of the debt.
• C)If Casper agrees that Percy can discharge the debt by paying $1,000 and washing Casper's car for 6 months and Percy does so, Casper cannot subsequently insist that Percy pays the whole of the debt.
• D)If Casper feels sorry for Percy and tells him in a telephone conversation that he need only pay half the debt Casper cannot subsequently change his mind and insist on payment of the entire sum.

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