Assuming No Exception Applies, Which of the Following Is True

question 46

Multiple Choice

Assuming no exception applies, which of the following is true regarding the effect of a debtor offering to pay less money than is owed as full payment on a debt for which there is no dispute over the amount or existence of the debt, and the creditor agrees?

• A) A liquidated debt is involved, and there is an accord and satisfaction.
• B) A liquidated debt is involved, and there is an accord but no satisfaction.
• C) A liquidated debt is involved, and there is neither a satisfaction nor an accord.
• D) An unliquidated debt is involved, and there is an accord and satisfaction.
• E) An unliquidated debt is involved, and there is an accord but not satisfaction.

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Definitions:

Conservation of Volume

A cognitive development concept stating that a substance's volume remains unchanged even when its appearance changes, understood by children during the concrete operational stage according to Piaget.

Transitional Stage

A developmental phase where an individual moves from one significant stage to another, often involving substantial changes in behavior or role.

Piaget's Conservation Task

Piaget's Conservation Task is a cognitive exercise used by psychologist Jean Piaget to assess a child's ability to understand that quantities remain constant despite changes in shape or arrangement.

Reversibility

A mental operation in which a child realizes that one operation can be negated, or reversed, by the effects of another.