Daniel Owes Casey a Debt,the Amount of Which Is Subject

question 87

Multiple Choice

Daniel owes Casey a debt,the amount of which is subject to a good faith dispute.The parties agree to settle the debt,with Daniel promising to pay Casey $15,000 and Casey promising to release Daniel on a $25,000 debt.The settlement agreement:

• A)is supported by consideration.
• B)lacks consideration because Casey is not giving Daniel any legal value.
• C)lacks consideration because Daniel is promising to perform a preexisting legal obligation.
• D)is binding under UCC section 2-209 even though there is no consideration.

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Definitions:

Predictability

The ability to accurately anticipate future events or behaviors based on patterns, trends, or previous data.

Authoritarian Personality

A psychological profile of individuals who exhibit extreme obedience and submission to authority, alongside a desire to control and dominate others.

Status Differences

Variations in social, professional, or other standing among individuals or groups, often influencing dynamics and interactions.

Control-Oriented

An approach or system focused on regulating processes, activities, or people to ensure conformity and efficiency.