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Amy, a baker, has found her dream home, but cannot afford the down payment. amy's brother agrees to loan her $30,000 for the down payment, and amy agrees to pay him back in one year. next year, amy offers to bake her brother's wedding cake for his wedding next month instead of paying back the loan, so that she can buy new equipment for her bakery. amy's brother agrees. how much money does amy owe her brother?

Answer :

She wouldn't owe her brother any money because an agreement to accept different performance in lieu of full payment of liquidated debt is binding.

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