Juanita agrees to repay debt to Broderick even though Juanita is filing for bankruptcy and could have the debt discharged. What type of agreement will Juanita and Broderick make?
A) A settlement
B) A reaffirmation agreement
C) An acknowledgement agreement
D) An accord and compromise
E) An affirmance

Question

Quizplus · Accepted Answer

A reaffirmation agreement is a contract between a debtor and creditor that waives discharge of a debt in bankruptcy. Juanita's agreement to repay Broderick despite the bankruptcy filing fits this description.

Juanita Agrees to Repay Debt to Broderick Even Though Juanita