A creditor's agreement to accept part payment as full settlement of a debt is enforceable
A) at all times.
B) if the creditor receives additional consideration from the debtor.
C) when the due date is extended.
D) in all of these cases.
Correct Answer:
Verified
Q16: Consideration may be
A) money.
B) property.
C) a promise
Q17: A debtor who makes a part payment
Q18: Courts will not enforce contracts calling for
Q19: Consideration can be
A) a benefit to the
Q20: A creditor's promise to accept less than
Q22: Part payment of a liquidated claim
A) discharges
Q23: Past consideration
A) is synonymous with moral consideration.
B)
Q24: The Wurzer Corporation entered into a written
Q25: If a person owes several people money,
Q26: Part payment of a debt can cancel
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