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[Engineering Version] Daily Question 20171117

2017-11-17View Original

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A owes B 1 ton of steel, and B has lent A 30,000 yuan. According to the contract terms, both debts are due at the same time. Thus, Party A and Party B agreed to offset the two debts, thereby ceasing to owe each other any payments. The extinction of such debt is based on the ( ) fact. A. Settlement B. Conflation C. Deposit D. Set-off
Reply #22017-11-17
A owes B 1 ton of steel, and B has lent A 30,000 yuan. According to the contract terms, both debts are due at the same time. Thus, Party A and Party B agreed to offset the two debts, thereby ceasing to owe each other any payments. The extinguishment of such debt is based on the fact of (D). A. Settlement B. Conflation C. Deposit D. Set-off

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