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Sam owed a large number of people and businesses money. One day Sam brought all of his creditors together and offered to pay them much
Sam owed a large number of people and businesses money. One day Sam brought all of his creditors together and offered to pay them much less than was owed if they all agreed to accept the lesser amount as payment in full. This type of agreement is known as a: a. Pre-breach settlement clause Hostile settlement clause b. Creditors' composition agreement Oc. d. Debtor composition agreement
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