Legal Question in Credit and Debt Law in Pennsylvania
Partial Payment of Debt
If someone owes me $300 and I allow them to pay me $200 and agree to cancel the $100 debt. Later i decide that i want the $100. Can i take them to court to collect it?
Asked on 1/10/07, 10:00 am
1 Answer from Attorneys
Mark Johns
Mark Johns, Esquire
Re: Partial Payment of Debt
No. By agreeing to accept less you created a new contract that was completed.
Answered on 1/10/07, 12:02 pm