SOLVED

61) 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 when the debt itself, in its entirety, is in dispute, and the creditor agrees? A) An unliquidated debt is involved, and there is an accord and satisfaction. B) A liquidated debt is involved, and there is an accord and satisfaction. C) A liquidated debt is involved, and there is neither a satisfaction nor an accord. D) A liquidated debt is involved, and there is an accord but no satisfaction. E) An unliquidated debt is involved, and there is an accord but not satisfaction. 62) 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. 63) 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. 64) Which of the following is true regarding the effect of a debtor offering to pay a different type of payment, for example, goods instead of money, on a debt for which there is not a dispute over the amount or existence of the debt, and the creditor agrees? A) A liquidated debt is involved, and there is an accord but no satisfaction. B) A liquidated debt is involved, and there is not a satisfaction or 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 and satisfaction. 65) Which of the following was involved when the government, in attempting to help AIG, agreed to lend AIG up to $85 billion in exchange for nearly 80 percent of AIG’s stock? A) An accord but not a satisfaction B) An accord and satisfaction C) A bilateral contract D) An unliquidated contract E) A unilateral contract  Â