The Promise of a Creditor to Refrain from Collecting a Debt

question 20

True/False

The promise of a creditor to refrain from collecting a debt is consideration for a promise by the debtor to modify the terms of the transaction.

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Definitions:

Runner's High

A euphoric state often experienced by long-distance runners, attributed to the release of endorphins.

Epileptic Seizure

A sudden surge of electrical activity in the brain, leading to various symptoms such as convulsions and loss of consciousness.

Neurotransmitter GABA

Gamma-Aminobutyric Acid: an inhibitory neurotransmitter in the brain, involved in reducing neuronal excitability.

Frontal Lobes

The region of the brain located at the front of each cerebral hemisphere, involved in complex cognitive functions, including behavior, personality, and voluntary movement.