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

question 68

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.

---

Definitions:

Titles

Words or phrases used as the name of books, articles, documents, or as formal distinctions attached to individuals' names.

Polychronic Cultures

Cultures that perceive time as simultaneous and flexible, often multitasking and valuing interpersonal relationships over strict schedules.

Ethnic Diversity

The inclusion and representation of individuals from a variety of ethnic backgrounds and cultures.

Workplace

The physical or virtual space where work is conducted or the environment in which employees operate.