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What effect does the process of accord and satisfaction have on creditors? It prevents a creditor from suing while the business is revising its business

What effect does the process of accord and satisfaction have on creditors?

It prevents a creditor from suing while the business is revising its business model.

It discharges debt.

Contract terms with creditors are renegotiated, releasing the debtor from liability by settling the debt.

It prevents creditors from filing for involuntary bankruptcy.

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