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) modification.
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, commonly known as a release agreement. The other options listed are not commonly used for releasing claims.

Statutes in Many States Have Permitted a Person Who Has