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  3. Study Set
    Business Law
  4. Exam
    Exam 14: Consideration
  5. Question
    The Promise of a Creditor to Refrain from Debt Collection
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The Promise of a Creditor to Refrain from Debt Collection

Question 2

Question 2

True/False

The promise of a creditor to refrain from debt collection in exchange for a promise by the debtor to modify the terms of the transaction is legally sufficient consideration.

Correct Answer:

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