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.

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Definitions:

Proscriptive

Pertaining to prohibitions, rules, or norms specifying what individuals should not do in a given context.

Injunctive

Relating to an authoritative rule or order which dictates expected or allowable behaviors.

Focus Theory

A theoretical framework that emphasizes how individuals allocate their attention and resources towards specific goals or tasks.

Salience

The aspect of a schema that is active in one’s mind and, consciously or not, colors perceptions and behavior.