Which of the following should be the result in regard to Isabella's obligation to Credit Card Company B?
A) That because the car is worth only $1,000,nowhere near the amount of the debt,the company is released from its promise.
B) That under equitable principles,upon disaffirming the agreement,Isabella may keep the car,and the company must take a deduction of 50% on all amounts due.
C) That under equitable principles,upon disaffirming the agreement,Isabella must transfer the car to the company,and the company must take a deduction of 50% on all amounts due after sums received from the sale of the car are credited to Isabella's account.
D) That because Isabella offered and the company accepted a different performance in discharge of the obligation,the company is bound.
E) That the company is not bound by its promise because the debt was liquidated.
Correct Answer:
Verified
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