Asked by Mojeed George on May 27, 2024
Verified
If there is no dispute about the fact that money is owed and the amount of money owed in a contract, this is considered a(n) ________ debt.
A) actual
B) accepted
C) positive
D) liquidated
E) unliquidated
Liquidated Debt
A debt for which the exact monetary value has been determined and acknowledged by both the debtor and the creditor.
- Contrast liquidated with unliquidated debts and explore their consequences on reaching an accord and satisfaction.
Verified Answer
DH
Dash Heart DunkleMay 29, 2024
Final Answer :
D
Explanation :
A liquidated debt is one where there is no dispute about the fact that money is owed and the amount of money owed. This term is used in legal and financial contexts to indicate a clear, determined amount of debt.
Learning Objectives
- Contrast liquidated with unliquidated debts and explore their consequences on reaching an accord and satisfaction.
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