If the amount of a debt is "due and certain," _____.
A) a promise to pay less than the amount lacks consideration
B) the debt is considered to be an unliquidated one
C) there is a dispute about the existence of the debt
D) there is a dispute about the amount of the debt

Question

Quizplus · Accepted Answer

A liquidated debt is one that is due and certain, which means that there is no dispute about the existence or the amount of the debt. The general rule is that a promise to discharge a liquidated debt for part payment of the debt at or after its due date is unenforceable due to lack of consideration.

If the Amount of a Debt Is "Due and Certain