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 a dispute over the amount of the debt,and the creditor agrees?
A)A liquidated debt is involved,and there is an accord and satisfaction.
B)An unliquidated debt is involved,and there is an accord but not satisfaction.
C)A liquidated debt is involved,and there is an accord but no satisfaction.
D)A liquidated debt is involved,and there is neither a satisfaction nor an accord.
E)An unliquidated debt is involved,and there is an accord and satisfaction.

Question

Quizplus · Accepted Answer

A)As recognized in Exhibit 15-3,when there is a dispute as to the amount due and
a creditor accepts a debtor's offer to pay less than the full amount,there is an accord and satisfaction on that unliquidated debt.
B)As recognized in Exhibit 15-3,when there is a dispute as to the amount due and a creditor accepts a debtor's offer to pay less than the full amount,there is an accord and satisfaction on that unliquidated debt.
C)As recognized in Exhibit 15-3,when there is a dispute as to the amount due and a creditor accepts a debtor's offer to pay less than the full amount,there is an accord and satisfaction on that unliquidated debt.
D)As recognized in Exhibit 15-3,when there is a dispute as to the amount due and a creditor accepts a debtor's offer to pay less than the full amount,there is an accord and satisfaction on that unliquidated debt.
E)As recognized in Exhibit 15-3,when there is a dispute as to the amount due and a creditor accepts a debtor's offer to pay less than the full amount,there is an accord and satisfaction on that unliquidated debt.

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