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:

Instinctive

Behavior that is innate and hardwired in an organism, often performed without being learned.

Self-awareness

Self-awareness is the conscious knowledge of one's own character, feelings, motives, and desires, enabling introspection and recognition of one's own emotional state.

Drive

A natural, genetically programmed impulse to achieve an objective or fulfill a desire.

Stomach Contractions

Physical movements of the stomach muscles that aid in the digestion process.