What effect does the process of accord and satisfaction have on creditors?

Question

Quizplus · Accepted Answer

A) Accord and satisfaction is an attempt by a debtor to renegotiate the terms of his or
her loans with the creditors to get the creditors to agree to an amount that is less than they are owed.
M) Accord and satisfaction is an attempt by a debtor to renegotiate the terms of his or her loans with the creditors to get the creditors to agree to an amount that is less than they are owed.
N) Accord and satisfaction is an attempt by a debtor to renegotiate the terms of his or her loans with the creditors to get the creditors to agree to an amount that is less than they are owed.
O) Accord and satisfaction is an attempt by a debtor to renegotiate the terms of his or her loans with the creditors to get the creditors to agree to an amount that is less than they are owed.

What Effect Does the Process of Accord and Satisfaction Have