Which of the Following Is True Regarding the Effect of a Debtor

question 30

Multiple Choice

Which of the following is true regarding the effect of a debtor offering to pay less money than is owed as full payment on a debt when the debt itself,in its entirety,is in dispute,and the creditor agrees?

• A)An unliquidated debt is involved,and there is an accord and satisfaction.
• B)A liquidated debt is involved,and there is an accord and satisfaction.
• C)A liquidated debt is involved,and there is neither a satisfaction nor an accord.
• D)A liquidated debt is involved,and there is an accord but no satisfaction.
• E)An unliquidated debt is involved,and there is an accord but not satisfaction.

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Definitions:

ABS Circuit

A critical component of the Anti-lock Braking System in vehicles, responsible for controlling the hydraulic pressure to prevent wheels from locking during braking.

Fault Codes

Diagnostic codes generated by a vehicle's onboard computer indicating specific malfunctions or issues requiring attention.

Electronic Braking System (EBS)

A system in vehicles that uses electronic controls to improve the efficiency and responsiveness of braking.

FMVSS-121 Redundancy

A redundancy requirement specified in the Federal Motor Vehicle Safety Standards (FMVSS) 121, pertaining to the air brake systems in heavy vehicles, ensuring the system’s effectiveness even when part of it fails.