Which of the Following Statements Are True Regarding "Positive" Statements

question 27

Multiple Choice

Which of the following statements are true regarding "positive" statements? I.They describe what "ought to be."
II.They describe what is believed about how the world appears.
III.They can be tested as to their truthfulness.

• A)I, II and III
• B)I and III
• C)I and II
• D)II and III
• E)None of the statements are true.

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Definitions:

Uncertain Debt

A debt whose existence or amount is not clear or determined.

Composition Agreement

An arrangement where creditors agree to accept a partial payment from a debtor in full satisfaction of their claims.

UCC

The Uniform Commercial Code represents an all-encompassing series of legal directives that control all forms of commercial transactions within the U.S.

Contractual Duties

Obligations that parties are legally bound to perform as specified in a contract.