What Effect Does the Process of Accord and Satisfaction Have

Multiple Choice

What effect does the process of accord and satisfaction have on creditors?

A) It prevents a creditor from suing while the business is revising its business model.
B) Contract terms with creditors are renegotiated, releasing the debtor from liability by settling the debt.
C) It prevents creditors from filing for involuntary bankruptcy.
D) It discharges debt.