Roughly Estimated, There Are Approximately 100,000 People in the U

question 39

True/False

Roughly estimated, there are approximately 100,000 people in the U.S. who could be considered the political and economic elite of our society.

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Definitions:

Accord And Satisfaction

A legal contract whereby a dispute is settled by the parties involved agreeing to give and accept something in settlement of the claim and thus satisfying both sides.

Unliquidated Debt

An obligation whose precise financial amount is yet to be established.

Liquidated Debt

A debt with a specific, fixed amount that has been agreed upon by all parties involved.

Accord

An agreement in law where two parties agree to settle a dispute by one party fulfilling a condition offered by the other.