Question

vince owes colton $140,000 under a previous contract. vince does not have the money but does own property worth approximately $140,000. colton agrees to accept the property instead of the money and vince transfers the property to him. the transfer is called

Answer 1

Vince does not have the money but does own property worth approximately $140,000. Colton agrees to accept the property instead of the money and Vince transfers the property to him. The transfer is called: a. an accord.

Thus, the answer is an accord.