In Settling a Liquidated Debt,payment of a Smaller Amount Before

question 46

True/False

In settling a liquidated debt,payment of a smaller amount before the due date would constitute consideration,but paying a lesser amount on the due date at an agreed-upon different place of payment would not be legally sufficient consideration.

---

Definitions:

Inventory Upstream

Inventory located earlier in the supply chain, typically held by suppliers or manufacturers before it moves down the chain to distributors or retailers.

CSL (Cycle Service Level)

A measure of the probability that a demand will be satisfied during a single order cycle without stockouts.

ROP (Reorder Point)

The inventory level at which an order should be placed to replenish stock before it runs out, taking lead time into account.

Normally Distributed

Describes a statistical distribution where data points are symmetrically distributed around the mean, showing a bell-shaped curve pattern.