Statutes in many states have permitted a person who has a claim against another to give up,or release,his or her claim without an exchange of consideration by making a:
A) written statement to that effect.
B) soliloquy to that effect.
C) release to that effect.
D) complaint to that effect.

Question

Quizplus · Accepted Answer

Statutes in many states allow a person to release their claim without an exchange of consideration by making a written statement to that effect. This is commonly referred to as a "release" or "release of claim". Soliloquies, complaints, and releases without a written statement are not valid releases of claim under the law.

Statutes in Many States Have Permitted a Person Who Has