He is owed 1000 on credit. The debtor offers to compromise with 500 immediately. Is this allowed?
Question 1265) - He is owed 1000 on credit. The debtor offers to compromise with 500 immediately. Is this allowed?
A: It is not allowed.*
* cash is better than credit. He is not entitled to the immediate payment. The compromise amount will be in exchange for time which is not permissible.