A promise by a creditor to accept less than full payment from a debtor is
A)unenforceable because the creditor did not provide consideration.
B)enforceable because the promisee accepts the offer.
C)a bilateral contract.
D)unenforceable because it is a gratuitous promise.
E)enforceable because it gives rise to a contract.

Question

Quizplus · Accepted Answer

A gratuitous promise is not enforceable because it lacks consideration.

A Promise by a Creditor to Accept Less Than Full