Which of the following is true of the arrangement of composition of creditors?
A) It results in the debtor paying a fine to creditors if he makes the payment after the due date.
B) It involves creditors offering an extended time period during which the due payment can be made.
C) It occurs when multiple creditors settle in full for a fraction of the amount owed.
D) It refers to creditors recovering a 10 percent higher amount than what is due to them.
Correct Answer:
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