A is indebted to B and B is also indebted to A. A's debt is due on April 23, 2023 while B's debt is due on May 1, 2024. Can obligations of A and B extinguished by compensation? Why or why nor?
A is indebted to B and B is also indebted to A. A's debt is due on April 23, 2023 while B's debt is due on May 1, 2024. Can obligations of A and B extinguished by compensation? Why or why nor?
Chapter17: Property Transactions: § 1231 And Recapture Provisions
Section: Chapter Questions
Problem 5DQ
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A is indebted to B and B is also indebted to A. A's debt is due on April 23, 2023 while B's debt is due on May 1, 2024. Can obligations of A and B extinguished by compensation? Why or why nor?
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