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Recovery of Bud's Debt to Credit Corporation Is Barred by a Statute

Question 9

Multiple Choice

Recovery of Bud's debt to Credit Corporation is barred by a statute of limitations when Bud makes a partial payment. The creditor


A) needs new consideration to recover more than the partial payment.
B) can sue to recover the entire debt without consideration.
C) is estopped from asserting a right to recoup the rest of the debt.
D) can obtain no more on the debt due to the statute of limitations.

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