Solved

Which of the Following Is True Regarding a Valid Accord

Question 3

Multiple Choice

Which of the following is true regarding a valid accord and satisfaction?


A) When the amount agreed upon is paid,the debt is fully discharged.
B) When the amount agreed upon is paid,the debt is fully discharged except for any late charges due under the original agreement.
C) When the amount agreed upon is paid,the debt is fully discharged except for any interest due under the original agreement.
D) When the amount agreed upon is paid,the debt is fully discharged except for any late charges and any interest due under the original agreement.
E) When the amount agreed upon is paid,the debt is fully discharged except for any late charges or interest due under the original agreement,or for any reasonable attorney's fees the creditor has accumulated in his or her attempt to collect the debt.

Correct Answer:

verifed

Verified

Related Questions