Which of the following is true regarding whether an accepted offer to pay part of a debt is consideration?
A)Partial payment is consideration if a liquidated debt is involved.
B)Partial payment is consideration if an exception applies to the general rule that partial payment is not consideration for an unliquidated debt.
C)Partial payment is not consideration under any circumstances.
D)Partial payment is consideration if an unliquidated debt is involved.
E)Partial payment is consideration under all circumstances.

Question

Quizplus · Accepted Answer

A)In an unliquidated debt,the parties either disagree about whether money is owed
or dispute the amount.They can settle for less than the full amount if they enter into an accord and satisfaction.
B)In an unliquidated debt,the parties either disagree about whether money is owed or dispute the amount.They can settle for less than the full amount if they enter into an accord and satisfaction.
C)In an unliquidated debt,the parties either disagree about whether money is owed or dispute the amount.They can settle for less than the full amount if they enter into an accord and satisfaction.
D)In an unliquidated debt,the parties either disagree about whether money is owed or dispute the amount.They can settle for less than the full amount if they enter into an accord and satisfaction.
E)In an unliquidated debt,the parties either disagree about whether money is owed or dispute the amount.They can settle for less than the full amount if they enter into an accord and satisfaction.

Which of the Following Is True Regarding Whether an Accepted