Under the Common Law,a Creditor Who Agrees,after a $9000 Debt

question 12

Multiple Choice

Under the common law,a creditor who agrees,after a $9000 debt becomes due,to take $6000 from the debtor as full payment,has received ____________ for the reduction in the debt.

• A) consideration
• B) no consideration
• C) partial consideration
• D) full payment
• E) equity

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Definitions:

Sensory

Relating to or involving the senses or sensation, including the reception and processing of information through sight, sound, touch, taste, and smell.

Sort Cards

A task or activity involving the categorization of cards into groups according to specific criteria or characteristics.

Irrelevant Information

data or details that do not have a direct bearing on the matter at hand, often serving as a distraction from the relevant issues.

Factotum

A person who does all kinds of work; a jack of all trades.