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Which of the Following Is True Regarding an Accord and Satisfaction

Question 16

Multiple Choice

Which of the following is true regarding an accord and satisfaction?


A) When amounts agreed upon are paid, the debt is fully discharged.
B) When amounts agreed upon are paid, the debt is fully discharged except for any late charges due on the initial indebtedness.
C) When amounts agreed upon are paid, the debt is fully discharged except for any interest due on the initial indebtedness.
D) When amounts agreed upon are paid, the debt is fully discharged except for any late charges and for any interest due on the initial indebtedness.
E) When amounts agreed upon are paid, the debt is fully discharged except for any late charges or interest due on the initial indebtedness, or attorney fees of the creditor that are due.

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