Requisitions are agreements between a debtor and two or more creditors who agree to accept a stated percentage of their liquidated claims against the debtor at or after the due date, in full satisfaction of their claims.

Question

Quizplus · Accepted Answer

Requisitions are actually requests or orders for something, typically supplies or materials, in a business or military context. The description given refers more accurately to a composition with creditors, which is an agreement between a debtor and their creditors where the creditors agree to accept a portion of what they're owed in full satisfaction of their claims.

Requisitions Are Agreements Between a Debtor and Two or More