A Creditor's Promise to Accept Less Than the Amount Owed

question 37

True/False

A creditor's promise to accept less than the amount owed as full payment of a debt is legally binding.

---

Definitions:

Parent's Murder

The act of unlawfully killing one's mother or father.

Freud's Concept

Theories proposed by Sigmund Freud that emphasize the influence of the unconscious mind on behavior, including the structural model of the psyche composed of the id, ego, and superego.

Repression

A defense mechanism where distressing thoughts and memories are unconsciously kept out of consciousness.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.