Assuming No Exception Applies,which of the Following Is True Regarding

question 73

Multiple Choice

Assuming no exception applies,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 for which there is no dispute over the amount or existence of the debt,and the creditor agrees?

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

Recognize and distinguish between different types of breaches in contract law (minor, major, fundamental).

Identify the role and limitations of exemption or exclusion clauses in contracts.

Differentiate between conditions precedent and subsequent in contractual obligations.

Explain the significance of performance and tender of performance in fulfilling contractual obligations.

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Definitions:

Offensive Act

An action that is deemed disrespectful, harmful, or insulting towards others, often resulting in negative perceptions or damage to reputation.

Issues Management

The proactive process of identifying, evaluating, and responding to issues and trends that could affect an organization’s relationships with its stakeholders and its reputation.

Crisis Communication

A specialized area of public relations designed to protect and defend an individual, company, or organization facing a public challenge to its reputation.

Crisis Communication

The effort by a business or organization to communicate effectively during unexpected events that threaten to harm its reputation or stakeholders.