In Which of the Following Circumstances Is a Debt Settlement

question 65

Multiple Choice

In which of the following circumstances is a debt settlement a binding contract?

• A)Where the amount of the debt is uncertain or subject to dispute.
• B)Where the amount of the debt is certain and undisputed.
• C)Where the only consideration the creditor gives the debtor is his promise not to sue the debtor on the original debt.
• D)Where the settlement is part of a composition agreement.

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