Which of the Following Is NOT an Example of the Exception

question 1

Multiple Choice

Which of the following is NOT an example of the exception to the rule regarding liquidated debt?

• A) A car owner offers her car to the bank as full settlement of the remaining balance owed on the loan and the bank accepts.
• B) A student offers the use of his picture in a school brochure in full settlement of the $100 debt he owes to the university bookstore and the school accepts.
• C) A debtor disputes the amount of money that is owed, so the debtor pays half of the debt and the creditor cashes the check.
• D) A debtor offers a credit card company a rare book in full settlement of a $3,000 debt and the credit card company accepts.
• E) None of the above choices are correct, since there are no exceptions to the rule regarding liquidated debt.

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Definitions:

Group

A number of individuals or things considered together because of similarities or a common purpose.

Team

A group of people brought together to use their individual skills on a common project or goal.

Job Sharing

An employment option in which one full-time job is divided among two or more people according to predetermined hours

Branding

The process of creating a unique image, identity, and reputation for a product, service, or organization in the consumer's mind through marketing, logos, design, and consistent themes.