Thursday, 18 February 2016

Cima C05 Exam Question No 42

Question No 42:

Which ONE of the following statements is incorrect?

A.
Payment by the debtor of less than the full amount of the debt will satisfy the whole debt at common law, if paid early at the request of the debtor.
B.
Payment by a third party of less than the full amount of the debt will discharge the whole debt at common law.
C.
Payment of less than the full amount of the debt will discharge the whole debt at common law, if agreed to by the creditor.
D.
Payment of less than the full amount of the debt will discharge the whole debt at common law, if extra consideration is provided by the debtor.

Answer: C

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