Assuming No Exception Applies, Which of the Following Is True

question 8

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 a dispute over the amount 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:

Midterm Grade

An evaluative score or assessment typically given to students halfway through a term to indicate their academic performance up to that point.

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or the base for measurement of distances or intervals.

Indifference Curve

A graphical representation in microeconomic theory of the combinations of two goods among which a consumer is indifferent.

Midterm Grade

An evaluative score or letter assigned to a student, reflecting their performance halfway through an academic term.