menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Regulations
  4. Exam
    Exam 2: Fundamentals of Contract Law: Acceptance, Validity, and Performance
  5. Question
    If a Person Accepts a Lesser Sum of Money Than
Solved

If a Person Accepts a Lesser Sum of Money Than

Question 3

Question 3

Multiple Choice

If a person accepts a lesser sum of money than what was contracted for, in the discharge of the whole debt, it is known as


A) a waiver
B) a remission
C) an alteration
D) a rescission

Correct Answer:

verifed

Verified

Related Questions

Q1: Which of the following does not constitute

Q2: As a general rule, an agreement made

Q4: X contracts to sell his scooter to

Q5: For the enforcement of a promise to

Q6: The doctrine of impossibility of performance, rendering

Q7: Performance of a contract means<br>A)fulfilling all the

Q8: Which is not the essential of a

Q9: An agreement made with free consent to

Q10: Which of the following is not the

Q11: Which of the following is incorrect?<br>A)the impossibility

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines