Examlex
What are the three different types of buying situations faced by a typical business buyer?
Accord And Satisfaction
Accord and Satisfaction is a legal agreement between parties to settle a dispute by agreeing on a payment that is different from what was originally owed.
Unliquidated Debt
A debt for which the exact amount has not been determined.
Liquidated Debt
A debt for which the amount owed is known and undisputed.
Unliquidated Debt
A debt for which the amount has not been predetermined or agreed upon, often because the extent of damages or compensation cannot be readily quantified.
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