Question
Which of the following is true regarding the general rule in regard to the treatment of liquidated debts as opposed to unliquidated debts? That a
Which of the following is true regarding the general rule in regard to the treatment of liquidated debts as opposed to unliquidated debts?
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That a promise to discharge a liquidated debt for part payment of the debt at or after its due date is unenforceable due to lack of consideration but that a promise to settle an unliquidated debt is enforceable.
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That a promise to discharge a liquidated debt for part payment of the debt at or after its due date is enforceable and supported by consideration and that a promise to settle an unliquidated debt is enforceable.
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That a promise to discharge a liquidated debt for part payment of the debt at or after its due date is enforceable and supported by consideration but that a promise to settle an unliquidated debt is unenforceable.
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That a promise to discharge a liquidated debt for part payment of the debt at or after its due date is unenforceable due to lack of consideration and that a promise to settle an unliquidated debt is unenforceable.
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