A Refusal by a Creditor to Accept a Debtor's Offer

question 3

Multiple Choice

A refusal by a creditor to accept a debtor's offer to pay cash in settlement of his or her debt

• A) discharges the debt.
• B) excuses the debtor from future interest payments.
• C) renews the debt for six years.
• D) bars legal action by the creditor on the debt.