Which of the Following Is True Regarding an Accord and Satisfaction

question 16

Multiple Choice

Which of the following is true regarding an accord and satisfaction?

• A) When amounts agreed upon are paid, the debt is fully discharged.
• B) When amounts agreed upon are paid, the debt is fully discharged except for any late charges due on the initial indebtedness.
• C) When amounts agreed upon are paid, the debt is fully discharged except for any interest due on the initial indebtedness.
• D) When amounts agreed upon are paid, the debt is fully discharged except for any late charges and for any interest due on the initial indebtedness.
• E) When amounts agreed upon are paid, the debt is fully discharged except for any late charges or interest due on the initial indebtedness, or attorney fees of the creditor that are due.

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Definitions:

Status Offense

A noncriminal act that is considered a violation of the law only because of the offender's status as a minor, such as truancy or running away from home.

Truancy

The action of staying away from school without permission, often reflecting underlying issues such as family problems or disengagement.

Suicide

The deliberate action of taking one's own life.

Status Offense

An action that is prohibited only to a certain class of people, and most often applied to behaviors forbidden to minors, such as truancy and underage drinking.