Parker Owed Andrew a Debt in the Amount of $1,000

question 1

True/False

Parker owed Andrew a debt in the amount of $1,000.The debt was payable on June 1.
-If Brendan paid $900 as settlement for the debt owed by Parker to Andrew,Brendan would be entitled to an assignment of the debt owed by Parker,and could collect the debt from him.

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Definitions:

Contractual Agreement

A legally binding agreement between two or more parties outlining their rights and obligations.

Extensive Problems

Extensive problems refer to a wide range or significant number of issues that are often complex and require considerable effort to resolve.

Disgust

A strong feeling of aversion or repulsion, often in response to something perceived as unpleasant or offensive.

Indefinite Proposal

An offer in a contract that lacks specific, clear, and definite terms, making it unenforceable.