Part payment of a liquidated claim
A) discharges the remainder of the claim.
B) discharges the remainder of the claim if the creditor marks "paid in full" on any receipt given to the debtor.
C) discharges the remainder of the claim if, in addition to the part payment, the debtor gives additional consideration.
D) discharges the remainder of the claim if the debtor states that he or she has no more funds with which to pay the remainder of the debt.
Correct Answer:
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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
Q21: A creditor's agreement to accept part payment
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
Q27: Refraining from doing something you have a
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