Question

20. Friend A lends Friend B $4,000 due in 6 months with 3% interest. In six month's time, Friend B does not pay Friend A the money owed. Friend A has lost his job and truly needs the money back. Friend B states that, if Friend A agrees to accept $2,200 in full satisfaction of the debt owed, Friend B will get the money and pay Friend A back. Friend A agrees and Friend B, later that day, gives a check to Friend A. When Friend A accepts the check for $2,200 as "Payment in Full" noted on the check, the remainder of the debt is discharged.

True

False​

Answer 1

False, because he should give him more money.

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