Which of the following is true regarding whether an accepted offer to pay part of a debt is consideration?
A) Partial payment is consideration under all circumstances.
B) Partial payment is not consideration under any circumstances.
C) Partial payment is consideration if a liquidated debt is involved.
D) Partial payment is consideration if an unliquidated debt is involved.
E) Partial payment is consideration if an exception applies to the general rule that partial payment is not consideration for an unliquidated debt.

Question

Quizplus · Accepted Answer

Partial payment can be considered valid consideration if the debt is unliquidated, meaning the amount is in dispute or not determined, as the parties are settling the dispute by agreeing on a different amount.

Which of the Following Is True Regarding Whether an Accepted