Course Solutions Uncategorized (Answered) : FACTS: The Bellagio sends a letter to Lady Gaga demanding that he repay the $1,000,000 advance payment. Lady Gaga instructs his

(Answered) : FACTS: The Bellagio sends a letter to Lady Gaga demanding that he repay the $1,000,000 advance payment. Lady Gaga instructs his

FACTS: The Bellagio sends a letter to Lady Gaga demanding that he repay the $1,000,000 advance payment. Lady Gaga instructs his lawyer to write a letter to the Bellagio which states:

Lady Gaga does not agree with your demand that she repay the $1,000,000 advance cash payment, but to demonstrate Ms. Gaga’s good faith, she has agreed to return one-half of the advance cash payment in the amount of $500,000. Enclosed is Ms. Gaga’s check for $500,000 which will be settlement in full of all claims of the Bellagio against Ms. Gaga.

The Bellagio then deposits the check for $500,000.

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