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Home Q & A Board Humanities Legal Studies
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ohiosr ohiosr
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6 years ago
Albert, a supplier of goods, owes George $2000.00. Albert gives George a note for $2000.00 payable in 60 days. A couple of weeks later, George buys $800.00 worth of goods from Albert. If George has not paid Albert the $800.00 by the time the 60 days has expired and Albert claims payment of the $2000.00 note,
a. Albert need not honour the note until George has paid him the $800.00.
b. Albert must honour the note and pay the $2000.00.
c. Albert can deduct, or set-off, the $800.00 owed by George against the $2000.00 that he owes and pay George $1200.00.
d. Albert need not honour the $2000.00 note until a reasonable time after the 60 days expires.
e. none of the above
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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AlexStanfordAlexStanford
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6 years ago
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ohiosr Author
wrote...

6 years ago
Thanks
Butwhy
wrote...

Yesterday
Just got PERFECT on my quiz
annakc
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2 hours ago
Good timing, thanks!
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