Multiple Choice
In which of the following circumstances is a debt settlement a binding contract?
A) Where the amount of the debt is uncertain or subject to dispute.
B) Where the amount of the debt is certain and undisputed.
C) Where the only consideration the creditor gives the debtor is his promise not to sue the debtor on the original debt.
D) Where the settlement is part of a composition agreement.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: Mr.Green is a local mobster who makes
Q61: Which of the following describes the time
Q62: A promisee's promise not to commit a
Q63: In the case in the text,Doe v.Roman
Q64: Gross inadequacy of consideration is,by itself,a sufficient
Q66: Consideration can be a(n)_ in the case
Q67: To reduce creditor attempts to pressure debtors
Q68: Joe and Jack have a written contract
Q69: Arthur contracts to sell Ben his house
Q70: A promise not to sue another party