Under the Common Law, Payment of a Lesser Sum of Money

question 79

True/False

Under the common law, payment of a lesser sum of money than is owed in consideration of a promise to discharge a fully matured, undisputed debt is legally sufficient to support the promise of discharge.

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Definitions:

Internal Customers

Individuals or departments within an organization that rely on the support or services of other parts of the organization to fulfill their roles and responsibilities.

External Customers

Individuals or entities outside of an organization that receive or consume the products or services offered by the organization.

Dependent Employees

Employees who rely on their employers for work direction and income, typically having less autonomy in their roles compared to independent contractors or freelancers.

Symbolic Leader

Uses symbols to establish and maintain a desired organisational culture.