In an Unliquidated Debt, the Parties Agree on Whether Money

question 5

True/False

In an unliquidated debt, the parties agree on whether money is owed and agree upon the amount but disagree on the repayment schedule.

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Definitions:

Strict-Liability Offenses

Crimes for which the perpetrator can be held liable regardless of intent or state of mind at the time of committing the act.

Mens Rea

A legal principle referring to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.

Wrongful State of Mind

A mental state reflecting intent to deceive, commit fraud, or misconduct, often relevant in legal cases assessing punitive damages or criminal intent.

Embezzlement

The act of withholding assets for the purpose of conversion of such assets, by one or more individuals to whom the assets were entrusted, either to be held or to be used for specific purposes.