Asked by Mourier Macha on Jul 22, 2024
Verified
In a(n) ________ debt,the parties either dispute the fact that any money is owed or agree that some money is owed but dispute the amount.
A) disputed
B) unacknowledged
C) uncertain
D) liquidated
E) unliquidated
Unliquidated Debt
Debt for which the exact amount has not been determined or established through an agreement or assessment.
Disputed
A situation or issue that is in contention or disagreement between parties.
Money Owed
A sum of money that one party is legally obligated to pay to another, typically as a result of a loan or credit agreement.
- Gain an in-depth understanding of consideration and its role in contract creation.
- Differentiate the execution of agreements for liquidated debts from those for unliquidated debts.
Verified Answer
CB
Courtney BrookhartJul 23, 2024
Final Answer :
E
Explanation :
In an unliquidated debt,the parties either dispute the fact that any money is owed or agree that some money is owed but dispute the amount.
Learning Objectives
- Gain an in-depth understanding of consideration and its role in contract creation.
- Differentiate the execution of agreements for liquidated debts from those for unliquidated debts.