Asked by Maria Klepach on Jun 27, 2024
Verified
In a(n) ________ debt,there is no dispute about the fact that money is owed and the amount of money owed.
A) actual
B) acknowledged
C) certain
D) liquidated
E) unliquidated
Liquidated Debt
A debt of a specific, fixed amount that is acknowledged between parties or determined through a legal process.
Dispute
A disagreement, conflict, or controversy, often necessitating resolution through discussion, negotiation, or legal action.
Money Owed
Refers to funds that are due to be paid by one party to another under the terms of a contract or as a recognized debt.
- Differentiate between liquidated and unliquidated debts in terms of agreement enforcement.
Verified Answer
Learning Objectives
- Differentiate between liquidated and unliquidated debts in terms of agreement enforcement.
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