A liquidated debt is one in which
A)the debtor is unable to pay.
B)there is no dispute about the amount owed.
C)the parties dispute whether any money is owed.
D)there is disagreement about the amount owed.

Question

Quizplus · Accepted Answer

A liquidated debt is a debt that is certain in terms of the amount owed and the obligation to pay. There is no dispute about the amount owed, so option B is the correct answer. The other options describe situations where there is uncertainty or disagreement about the debt.

A Liquidated Debt Is One in Which