Solved

With Regard to an Unliquidated Debt, Payment by the Debtor

Question 35

True/False

With regard to an unliquidated debt, payment by the debtor of less than the amount claimed by the creditor is consideration for the latter's agreement to release or settle the claim.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q30: Promissory estoppel does NOT require<br>A) a signed

Q31: From a(n) _ approach, consideration is defined

Q32: True consideration occurs only when the value

Q33: Liz agrees to cook 20 dinners for

Q34: A promise to make a gift is

Q36: Gerwin's daughter Mary was seeking a position

Q37: Consideration is:<br>A) the concern shown by the

Q38: A contract in which one party agrees

Q39: One promise may serve as consideration for

Q40: A(n) _ is a promise that depends