Kamiar owed Rubio $5,000, which was due in one year. There was no dispute that a debt existed and no dispute over the amount. Ho

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2 years ago

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Kamiar owed Rubio $5,000, which was due in one year. There was no dispute that a debt existed and no dispute over the amount. Ho

wever, Rubio needed money immediately, so Kamiar offered to pay $4,000 early in full settlement of the debt. If Kamiar pays the $4,000 early, will Rubio be able to successfully sue and collect the $1,000 later? Yes or no? Why or why not?

Business

1 answer:

aleksley [76] · Answer 1 · 2022-10-04T08:30:58+03:00

Yes, Rubio will be able to successfully sue and collect the $1,000 later because their agreement was not fulfilled.

<h3>What is an agreement in contract?</h3>

In contract, an agreement is an element of what makes a contract valid. When an agreement is breached, then, the aggrieved party have a right to void the contract.

In conclusion, the answer is yes because Rubio will be able to successfully sue and collect the $1,000 later because their agreement was not fulfilled.