A written agreement in which the defendant in a lawsuit admits liability and accepts the amount of agreed-upon damages that must be paid to the plaintiff is known as a(n) _____ agreement.

Question

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A confession of judgment is a legal agreement in which a defendant admits to owing a debt and agrees to pay the amount owed without having to go through a formal court proceeding. This is commonly used in commercial and business contracts. The other options listed do not fit the description of this kind of agreement.

A Written Agreement in Which the Defendant in a Lawsuit