A Promise by a Creditor to Accept Less Than Full

question 18

Multiple Choice

A promise by a creditor to accept less than full payment from a debtor is

• A)unenforceable because the creditor did not provide consideration.
• B)enforceable because the promisee accepts the offer.
• C)a bilateral contract.
• D)unenforceable because it is a gratuitous promise.
• E)enforceable because it gives rise to a contract.

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Definitions:

Philosophical Issues

Fundamental questions and debates that concern abstract concepts such as existence, knowledge, values, reason, and the mind, often lacking empirical resolution.

Complex Solutions

Answers or resolutions to problems that involve multiple interconnected factors, requiring careful analysis and planning.

Priorities Chosen

A decision-making process where specific concerns or objectives are designated as most important.

Policy Analysis

The examination and evaluation of policies, including their development, implementation, and effects, to provide recommendations.