Question

Dennis Rodman and Carmen Electra are in a minor fender bender (car accident). Dennis offers Carmen $2,000 if she promises not to sue Dennis. Carmen agrees. Later, Carmen discovers that it will cost $1,500 to repair her car and $4,000 to cover the medical expenses for a hidden injury. The agreement between Dennis and Carmen is

	a.	Fraudulent Misrepresentation
	b.	an accord and satisfaction.
	c.	promissory estoppel.
	d.	a release.

Answer 1

d. a release

The agreement is a release agreement based on which an enforceable promise is made based on the exchange of money or other compensation in order to not to proceed with a legal suit.