uestion 12\ ot yet\ nswered\ Marked out of 1\ Flag\ question\ Recent legislation in some provincial jurisdictions overrides the common law that governed the acceptance of a payment of a lesser amount in full satisfaction of a debt. What is the policy rationale for the legislation?\ Select one:\ a. to allow debtors to pay by instalments over time\ b. to promote the settlement of debts on a final basis\ c. to allow creditors to increase the collection of debts\ d. to promote a reduction in consumer debt

Recent legislation in some provincial jurisdictions overrides the common law that governed the acceptance of a payment of a lesser amount in full satisfaction of a debt. What is the policy rationale for the legislation? Select one: a. to allow debtors to pay by instalments over time b. to promote the settlement of debts on a final basis c. to allow creditors to increase the collection of debts d. to promote a reduction in consumer debt