Examlex
One writer describes selection as "hypothesis testing." Explain.
Liquidated Debt
A debt for which the amount owed is known and agreed upon by both parties.
Liquidated Debt
A debt for which the exact monetary value has been determined and acknowledged by both the debtor and creditor.
Unliquidated Debt
A debt that has not been determined or fixed in amount, often because it is subject to a legal dispute or requires a judgment to ascertain its value.
Accord And Satisfaction
A legal settlement where a debtor offers something different than originally agreed upon, and if accepted, the debt is considered settled.
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