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:

Aqueous Layer

The aqueous layer is the water-based layer that forms during the separation of mixtures in liquid-liquid extraction, often distinguishable from organic layers due to its density and solubility properties.

Organic Layer

A portion of soil rich in organic matter, found at the surface, contributing to soil fertility and plant growth.

Organic Solvent

A carbon-based solvent that is capable of dissolving or dispersing one or more other substances.

Strong Acid

An acid that completely dissociates in solution, releasing a high concentration of hydrogen ions.