Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000 if he agrees to forfeit all of his rights to pursue a lawsuit. If Wyatt agrees and signs the letter, Wyatt will have agreed to a (n) :

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13 August, 02:24

Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000 if he agrees to forfeit all of his rights to pursue a lawsuit. If Wyatt agrees and signs the letter, Wyatt will have agreed to a (n) :

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Reese Mitchell · Answer 1

Release

Explanation:

A release is defined as a legal document that is drafted by the released, and terminates any legal legal liability that exists between release and the released.

The release is required to sign the document to make it binding.

Releases are compromise between the plaintiff and defendant that aims to terminate litigation.

In this scenario Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000. This is a release and if it is signed by Wyatt, releases Francisca of financial obligations.