Multiple Choice
What does going through the process of accord and satisfaction do?
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.
Correct Answer:
Verified
Correct Answer:
Verified
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