A(n)________ is an acceptance of an agreement not to sue supported by consideration,which terminates one's right to continue any lawsuit,presently or in the future,on grounds described in the agreement.
A)accord and satisfaction
B)release
C)option
D)promissory estoppel

Question

Quizplus · Accepted Answer

A release is a legal agreement that terminates one's right to pursue a lawsuit, usually in exchange for some form of consideration or compensation. An accord and satisfaction is a type of contract where parties agree to settle a debt or dispute, but it doesn't necessarily involve a lawsuit. An option is a contract that gives one party the right to buy or sell an asset at a specific price and time, and promissory estoppel is a legal doctrine that prevents a person from going back on a promise if the other party acted on that promise to their detriment.

A(n)________ Is an Acceptance of an Agreement Not to Sue