Which of the Following Is True Regarding the Effect of a Debtor

question 80

Multiple Choice

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 when the debt itself, in its entirety, is in dispute, 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:

Basidiomycete

A class of fungi characterized by producing spores on basidia and includes mushrooms, puffballs, and rusts, playing roles in decomposition and nutrient cycling.

Glomeromycete

Glomeromycetes are a group of fungi that form symbiotic relationships with the roots of plants, assisting in nutrient exchange through structures known as arbuscules.

Chytridiomycete

A member of a phylum of fungi characterized by the production of flagellate cells at some stage in their life history. Also called chytrid.

Cellulose

A complex carbohydrate that constitutes the primary structural component of plant cell walls.