Examlex
Which of the following is not something a model of database structures must be able to describe?
Unliquidated Debt
A debt for which the exact monetary value has not been determined.
Preexisting Duty
An obligation that a party is already legally bound to fulfill, which cannot serve as consideration for a new contract.
Accord and Satisfaction
A legal settlement where an agreement is made to discharge a claim by providing some form of compensation that differs from the original obligation.
Liquidated Debt
A debt for which the exact monetary value has been determined and acknowledged by both the debtor and the creditor.
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