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

question 69

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 a dispute over the amount of the debt,and the creditor agrees?

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

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Definitions:

Units

In the context of production, refers to individual items or quantities that are counted or measured.

Sold

The completion of a transaction where goods or services are exchanged for payment.

Variable Cost

Variable costs change in proportion to the level of business activity or production volume, such as raw materials and packaging.

Activity Level

Refers to the volume of production or operations within a specific period, influencing costs and operational capacity.