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

question 80

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

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Definitions:

Frozen Earth

Describes periods in Earth's history when ice sheets and glaciers covered significant portions of the planet's surface.

Subduction

The process by which one tectonic plate moves under another tectonic plate and sinks into the mantle as the plates converge.

Oceanic Crust

The outer layer of the Earth's lithosphere that comprises the ocean floors, primarily made of basaltic rock.

Offshore Trenches

Deep, elongated depressions in the ocean floor, often resulting from tectonic activity and plate subduction.