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

question 53

Multiple Choice

Which of the following is true regarding the effect of a debtor offering to pay a different type of payment, for example, goods instead of money, on a debt for which there is not a 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 not a satisfaction or 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:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driven by needs, desires, and goals.

Brief Therapies

Short-term psychological interventions designed to provide solutions to specific problems within a limited number of sessions.

Urgency

The quality or state of requiring immediate attention or action.

Expense

The cost incurred in the process of generating revenue, representing money spent or resources consumed to conduct business activities.