Liu and Midge-Nero's Creditors-Contract with Nero for the Discharge of Nero's

question 16

Multiple Choice

Liu and Midge-Nero's creditors-contract with Nero for the discharge of Nero's liquidated debts on payment of a lesser sum.This is

• A)a composition agreement.
• B)a subrogation.
• C)a suretyship agreement.
• D)in violation of most states' laws.

---

Definitions:

Treatment Method

Approaches, techniques, or procedures used in medicine or psychology to cure or alleviate symptoms of diseases or disorders.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, privileges, and liabilities, capable of conducting business, entering into contracts, and being sued.

Insurance Company

An organization that provides risk management in the form of insurance contracts to protect against potential loss.

Real Estate

Land and things permanently attached to the land, such as houses, buildings, and trees.