Suppose a debtor owes a credit card company $$3,000.$ The debtor calls the company and tells its representative she cannot afford to pay the $$3,000$ but that she

is willing to transfer ownership of her car to the company in full settlement of the $$3,000$ debt. The credit card company agrees, accepts title to the car, sells the

car, and recovers $$2,000$ from the sale. Which of the following is an accurate statement regarding the right of the credit card company to recover the remaining

$$1,000$ from the debtor?

The company can recover the $$1,000$ provided it can establish that the sale of the car was conducted in a commercially reasonable manner.

The company can recover the $$1,000$ since the debtor owed the company a total of $$3,000.$

The company cannot recover the $$1,000$ since the "different performance" exception to the partial payment of a liquidated debt rule applies.

The company can recover the $$1,000$ since a creditor's promise to accept less than owed for a liquidated debt is not legally binding.