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Hi Mr Mike..
Regarding part of payment of a debt, you said if I pay part of my debt by giving cash ($70 ,debt is $100) with the condition I’ll pay the rest tomorrow, then the receiver agrees…But tomorrow if I can’t afford , he can sue me even he let me debt off on that day…But what about giving anything instead of cash service or the goods,, You explained it’s a good charge if I give a glass worth of $70 with condition I’ll pay the rest tomorrow and I won’t can he sue me?
2.What about he let me debt off when I give the goods worth of $70 and tomorrow he changes his mind?
1) Yes, because you’ve broken the agreement
2) What did you give in exchange for him “letting you off”? Nothing? Then the debt is still payable
Good afternoon Mr Mike…
1..I’ll give him part of my debt $70 (full debt is $100) and I ask him can we call it a day would you receive it as a full discharge or payment…He says yes so I won’t owe him anymore…
But tomorrow, he won’t keep his promise and insists I pay the rest…If he sues me , will he win? (But he agreed)2.If I give $70 worth of goods to him and accepts it as a full discharge….Tomorrow he will change his mind asking me the rest too…(But he accepted it as a full payment).Can he sue me and win?
Thank you..“1..I’ll give him part of my debt $70 (full debt is $100) and I ask him can we call it a day would you receive it as a full discharge or payment…He says yes so I won’t owe him anymore…
But tomorrow, he won’t keep his promise and insists I pay the rest…If he sues me , will he win? (But he agreed)”I ask again – what did you give him in exchange for him letting you off? Nothing! So the debt is still payable
“2.If I give $70 worth of goods to him and accepts it as a full discharge….Tomorrow he will change his mind asking me the rest too…(But he accepted it as a full payment).Can he sue me and win?”
You have given him $100 worth of goods – he agrees that it’s $100 worth because he accepts these goods in full discharge. Debt is settled
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