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James Mwaria owed Ksh. 20000.00 to Paten traders. Paten, the promoter of paten traders, threatened to sue James for non-payment of the debt. The father of James, who became aware of this threat offered to pay Ksh 18,000.00 to Paten in full settlement of the debt. Paten agreed to this offer and accepted the amount. Two months later, paten Traders intends to take an action against James for the balance of Ksh. 2000.00. Explain the legal principle applicable in this case.
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