An honest dispute about the existence or amount of a debt makes the debt a(n) _____ one.
A) unliquidated
B) illusory
C) liquidated
D) nominal

Question

Quizplus · Accepted Answer

An honest dispute about the existence or amount of a debt makes the debt an unliquidated one. There are only two ways to resolve a dispute regarding an unliquidated debt: (1) allow a court to determine the nature and extent of the parties' liabilities or (2) reach a private settlement agreement (i.e., an accord and satisfaction).

An Honest Dispute About the Existence or Amount of a Debt