Castle borrowed $5,000 from Nelson and executed and delivered to Nelson a promissory note for $5,000 due on April 30. On April 1 Castle offered, and Nelson accepted, $4,000 in full satisfaction of the note. On May 15 Nelson demanded that Castle pay the $1,000 balance on the note. Castle refused. If Nelson sued for the $1,00 balance Castle would Win because the acceptance by Nelson of the $5,000 constituted an accord and satisfaction.
An example of balance is walking on a tightrope. An example of balance is when a person divides their time evenly between work, family, and personal enjoyment. A balanced example is someone who doesn't get too upset and isn't bothered by small things.
1: Stable Posture or Position The gymnast was in balance. 2: a little left: rest He has used up the rest of his pocket money. 3: Instruments for weighing. 4: A state of balance between work and pleasure. 5: Amount in a bank account.
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