Which of the Following Is True Regarding a Valid Accord

question 3

Multiple Choice

Which of the following is true regarding a valid accord and satisfaction?

• A)When the amount agreed upon is paid,the debt is fully discharged.
• B)When the amount agreed upon is paid,the debt is fully discharged except for any late charges due under the original agreement.
• C)When the amount agreed upon is paid,the debt is fully discharged except for any interest due under the original agreement.
• D)When the amount agreed upon is paid,the debt is fully discharged except for any late charges and any interest due under the original agreement.
• E)When the amount agreed upon is paid,the debt is fully discharged except for any late charges or interest due under the original agreement,or for any reasonable attorney's fees the creditor has accumulated in his or her attempt to collect the debt.

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Definitions:

Inductive Reasoning

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Generalization

A broad statement or concept obtained by inference from specific cases.

Specific Conclusion

A definitive end or resolution that directly addresses the particular issue or topic at hand.

Simple Language

The use of clear, straightforward, and uncomplicated language to convey information easily understandable to the audience.