Which of the Following Is Not an Element of an Accord

question 13

Multiple Choice

Which of the following is not an element of an accord and satisfaction?

• A) a bona fide dispute
• B) a proposal to settle the dispute
• C) performance of the agreement to settle the dispute
• D) reservation of rights under the federal Consumer Credit Protection Act

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Definitions:

Misrepresentation Remedies

Legal solutions available to someone who has suffered loss due to false statements, including rescission of contract or damages.

Modern Business

Contemporary commercial activities characterized by innovations, digital processes, and new operational models.

Assignment

The transfer of rights or property from one party to another, often used in reference to contracts or leases.

Doctrine of Privity

A legal principle stating that only the parties to a contract can sue or be sued on the contract's terms.