Multiple Choice
In a voluntary settlement, each creditor will be paid 20 cents on a dollar in 120 days. The remaining 80 cents on a dollar will be paid within an additional 60 days. This is an example of ________.
A) a composition
B) a combination of a composition and extension
C) an extension
D) a liquidation
Correct Answer:
Verified
Correct Answer:
Verified
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