Assuming no exception applies,which of the following is true regarding the effect of a debtor offering to pay less money than is owed as full payment on a debt for which there is no dispute over the amount or existence of the debt,and the creditor agrees?
A)A liquidated debt is involved,and there is an accord and satisfaction.
B)A liquidated debt is involved,and there is neither a satisfaction nor an accord.
C)An unliquidated debt is involved,and there is an accord but not satisfaction.
D)An unliquidated debt is involved,and there is an accord and satisfaction.
E)A liquidated debt is involved,and there is an accord but no satisfaction.

Question

Quizplus · Accepted Answer

A)As recognized in Exhibit 15-3,there is no accord and no satisfaction on a
liquidated debt involving an admitted debt)for which a debtor offers to pay less money than is owed as full payment.
B)As recognized in Exhibit 15-3,there is no accord and no satisfaction on a liquidated debt involving an admitted debt)for which a debtor offers to pay less money than is owed as full payment.
C)As recognized in Exhibit 15-3,there is no accord and no satisfaction on a liquidated debt involving an admitted debt)for which a debtor offers to pay less money than is owed as full payment.
D)As recognized in Exhibit 15-3,there is no accord and no satisfaction on a liquidated debt involving an admitted debt)for which a debtor offers to pay less money than is owed as full payment.
E)As recognized in Exhibit 15-3,there is no accord and no satisfaction on a liquidated debt involving an admitted debt)for which a debtor offers to pay less money than is owed as full payment.

Assuming No Exception Applies,which of the Following Is True Regarding