solution

Debbie owed Carlos $50,000 on a contract for the
purchase of 200 air-conditioners on credit, the terms of
payment stating “Payment due 60 days after delivery.”
Delivery was made on January 2. On March 10, Debbie
met Carlos and told him, “I’m sorry I missed out on paying
you what I owe you. Collections have been slow. If you
give me until May 1, I’ll pay you what I owe plus interest
at 9%.” Carlos said, “O.K. I’ll give you until May 1.” On
March 15, Carlos changed his mind and sued Debbie for
$50,000. Debbie contends that the debt is not due until
May 1. Is Debbie’s contention valid? Explain.
 
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