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QUESTION
I know I owe $10,000 to a lender, but I cannot afford the debt owed. In discussions with the lender, they agree to erase the agreed $10,000 debt if I...
I know I owe $10,000 to a lender, but I cannot afford the debt owed. In discussions with the lender, they agree to erase the agreed $10,000 debt if I can pay $8,000 by the end of the month. Is this a valid accord and satisfaction? Why/Why not?
