As a General Rule, a Promise to Discharge a Liquidated

question 4

True/False

As a general rule, a promise to discharge a liquidated debt for part payment of the debt at or after its due date is unenforceable due to lack of consideration.

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Definitions:

Variable Change

The alteration or modification of variables in an experiment or study to assess the effects on dependent outcomes or responses.

Qualitative Research

A research method focusing on understanding concepts, thoughts, or experiences through methods such as interviews or observations, rather than through numerical data.

Significant Relationship

A connection between two entities that considerably impacts or influences them.

Double Standard

The application of different sets of principles for similar situations, or to different people, in a way that is unfair or unethical.