Multiple Choice
Which of the following is NOT an example of the exception to the rule regarding liquidated debt?
A) A car owner offers her car to the bank as full settlement of the remaining balance owed on the loan and the bank accepts.
B) A student offers the use of his picture in a school brochure in full settlement of the $100 debt he owes to the university bookstore and the school accepts.
C) A debtor disputes the amount of money that is owed, so the debtor pays half of the debt and the creditor cashes the check.
D) A debtor offers a credit card company a rare book in full settlement of a $3,000 debt and the credit card company accepts.
E) None of the above choices are correct, since there are no exceptions to the rule regarding liquidated debt.
Correct Answer:

Verified
Correct Answer:
Verified
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