Question

Wilson owes Shelby $5,000 for repairs on Wilson's Bobcat Skidsteer. Wilson has financial troubles and he and Shelby sign an accord, in which Wilson promises to pay $4,000 and give Shelby his mountain bike within thirty days instead of the $5,000. Wilson's delivery of the bike and $4,000 to Shelby is
a. an accord.
b. satisfaction.
c. substantial performance.
d. novation.

Answer

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