Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. "becky owes barney the undisputed amount of $300,0

"Becky owes Barney the undisputed amount of $300,000. On her next monthly payment for $2000...

80.2K

Verified Solution

Question

Accounting

  1. "Becky owes Barney the undisputed amount of $300,000. On her next monthly payment for $2000 she writes PAYMENT IN FULL FOR ALL DEBT conspicuously on the face of the check. If Barney cashes the check will the balance of the debt be discharged?"

    "Yes, because the check was tendered to pay off the entire debt and the words paid in full were conspicuously written on the check"

    No. PAID IN FULL can never be used to unilaterally settle a debt

    No. The amount of the debt was not disputed

    Yes. Barney did not dispute the check within 90 days.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

The figure below is dilated with the center of dilation at the origin and a...

Chemistry
1.2K views

1.Calculate the number of moles of solute present in am aqueous solution of 86.3 g of...

Civil Engineering
1.2K views

Why turbidity control is important for water disinfection?

Biology
1.2K views

Choose the correct answer President Theodore Roosevelt s strong action without consulting Congress or seeking...

Calculus
1.2K views

A window is composed of a semicircle placed on top of a rectangle If you...

Accounting
1.2K views

Question Description Madari Ltd purchased 100% of the shares of Concerto Ltd on 1 July...

Accounting
1.2K views

More Info January 1 January 15 February 4 March 10 April 15 June 30 August...

Accounting
1.2K views

Prepare the journal entries to record the following transactions on Pina Colada Corp.'s books using...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] In...

Accounting
1.2K views

A commercial cleaning company spends an average of $500 per year, per customer, in supplies,...

Accounting
1.2K views

Arsenic Company sells a single product at $205 per unit. The most recent income statement...

Finance
1.2K views

For Questions 2-4. Suppose EBV makes a \$6M Series A investment in Newco for 1M...