Was Timmy's debt to Joe liquidated or Unliquidated debt after Timmy bought the car and subsequently decided it was worth less than what he had borrowed to pay for it?
A)Liquidated debt because the debt was not supported by consideration.
B)Unliquidated debt because the debtor offered different performance.
C)Liquidated debt because there was no dispute that he owed money or how much.
D)Unliquidated debt because there was disagreement about the car's value.
E)Unliquidated .debt because there as a dispute over how much was owed.

Question

Quizplus · Accepted Answer

A)In a liquidated debt,there is no dispute that money is owed or how much.When
Timmy borrows money from Joe,there is no indication there was a disagreement about the amount due.Timmy's disagreement about the value of the car was with Jennifer,and was a separate issue from the loan

Was Timmy's Debt to Joe Liquidated or Unliquidated Debt After