An Agreement to Settle a Debt for Less Than the Sum

question 13

Multiple Choice

An agreement to settle a debt for less than the sum claimed is referred to as?

• A)a promisory estoppel.
• B)an accord.
• C)a satisfaction.
• D)rescission.

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Definitions:

Organizational Socialization

The process by which new employees acquire the necessary knowledge, behaviors, and skills to become effective members of an organization.

Change and Acquisition

Processes or actions involved in making organizational changes or acquiring assets or companies to foster growth.

Master Demands

The ability to effectively prioritize and manage various obligations and pressures in one’s life or work.

Triangulation

A research method that involves using multiple data sources, methods, or theories to enhance the credibility and validity of the findings.