Multiple Choice
Assuming no exception applies, which of the following is true regarding the effect of a debtor offering to pay less money than is owed as full payment on a debt for which there is a dispute over the amount of the debt, and the creditor agrees?
A) A liquidated debt is involved, and there is an accord and satisfaction.
B) A liquidated debt is involved, and there is an accord but no satisfaction.
C) A liquidated debt is involved, and there is neither a satisfaction nor an accord.
D) An unliquidated debt is involved, and there is an accord and satisfaction.
E) An unliquidated debt is involved, and there is an accord but not satisfaction.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: A detriment to a promisor is a
Q4: Which of the following is true of
Q5: In an unliquidated debt, the parties agree
Q6: Which of the following was the result
Q7: Gabrielle is three months behind on her
Q9: Raphael, who owes $10,000 to his credit
Q10: Sameer promises his uncle, Farouk, that he
Q11: Every year, the World Bank gives over
Q12: [Bank Robbery] Safe Bank was robbed of
Q13: What must you prove in a successful