Gwen is indebted to Home Loan Company for $75,000. Gwen agrees to pay, and Home Loan agrees to accept, a lesser amount than the lender originally claimed was owed. The performance of this agreement is
A) an accord.
B) a release.
C) a satisfaction.
D) an illusory promise.
Correct Answer:
Verified
Q60: Apps Inc. promises to give stock options
Q61: Buck and Cady are in an auto
Q62: While sailboarding, Jolie is injured when Kirby
Q63: Cloud Storage Inc. promises to pay its
Q64: Don slips and falls on a patch
Q66: Dean, the president of Billing & Credit
Q67: Molly's motorcycle is damaged in an accident
Q68: Centre City Properties, Inc., owns and manages
Q69: Etan is indebted to Finance Credit Corporation
Q70: Dore's Aunt Em tells her, "If I
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents