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A Composition Agreement Is a Contract Between Creditors and a Debtor

question 21

True/False

A composition agreement is a contract between creditors and a debtor in which the creditors agree to accept a lesser amount to satisfy the debts and discharge the rest of the debt.


Definitions:

Aspiration Risk

The potential for breathing in foreign objects or liquids into the lungs.

Difficulty Swallowing

Known medically as dysphagia, this is a condition where individuals experience problems in the act of swallowing.

Crushing Medications

The process of breaking down pills into a fine powder to facilitate easier ingestion or administration via enteral feeding tubes, not suitable for all medications.

Eyedrops

A liquid medication administered into the eye to treat various conditions or provide lubrication.

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