menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 13: Consideration
  5. Question
    An Agreement to Settle a Debt for Less Than the Sum
Solved

An Agreement to Settle a Debt for Less Than the Sum

Question 13

Question 13

Multiple Choice

An agreement to settle a debt for less than the sum claimed is referred to as?


A) a promisory estoppel.
B) an accord.
C) a satisfaction.
D) rescission.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: Pastor Tom was employed by the First

Q5: In the historic case of Hamer v.Sidway,the

Q8: Upon graduating from college,Kathy announced her plans

Q15: A promise by Derkin Restaurants to buy

Q17: Mid-American Oil had a contract with NSB

Q21: Jamie is building a house on her

Q22: Hilda owes Lex $3,000,which is an undisputed

Q30: In January,Alex promised to pay Y-K Inc.$5,000

Q37: Bernie owes an undisputed amount to Wilde's

Q43: If someone provides a service that he

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines