A Promise by a Creditor to Accept Less Than Full

Multiple Choice

A promise by a creditor to accept less than full payment from a debtor is

A) unenforceable because the creditor did not provide consideration.
B) enforceable because the promisee accepts the offer.
C) a bilateral contract.
D) enforceable because it gives rise to a contract.
E) unenforceable because it is a gratuitous promise.