Which of the following is true regarding the effect of a debtor offering to pay less money than is owed as full payment on a debt when the debt itself,in its entirety,is in dispute,and the creditor agrees?
A)An unliquidated debt is involved,and there is an accord and satisfaction.
B)A liquidated debt is involved,and there is an accord and satisfaction.
C)A liquidated debt is involved,and there is neither a satisfaction nor an accord.
D)A liquidated debt is involved,and there is an accord but no satisfaction.
E)An unliquidated debt is involved,and there is an accord but not satisfaction.

Question

Quizplus · Accepted Answer

A)As recognized in Exhibit 15-3,there is an accord and a satisfaction on an
unliquidated debt,the existence of which is in dispute,for which a debtor offers to pay less money than is owed in full payment.
B)As recognized in Exhibit 15-3,there is an accord and a satisfaction on an unliquidated debt,the existence of which is in dispute,for which a debtor offers to pay less money than is owed in full payment.
C)As recognized in Exhibit 15-3,there is an accord and a satisfaction on an unliquidated debt,the existence of which is in dispute,for which a debtor offers to pay less money than is owed in full payment.
D)As recognized in Exhibit 15-3,there is an accord and a satisfaction on an unliquidated debt,the existence of which is in dispute,for which a debtor offers to pay less money than is owed in full payment.
E)As recognized in Exhibit 15-3,there is an accord and a satisfaction on an unliquidated debt,the existence of which is in dispute,for which a debtor offers to pay less money than is owed in full payment.

Which of the Following Is True Regarding the Effect of a Debtor