EssentialsOFBusLaw_chapter11 Flashcards
1
Q
Accord and satisfaction
A
A completed agreement to settle a debt for less than the sum claimed.
2
Q
Liquidated debt
A
A debt in which there is no dispute about the amount owed.
3
Q
Promisee
A
The person to whom a promise is made.
4
Q
Promisor
A
The person who makes a promise.
5
Q
Unliquidated debt
A
A debt that is disputed because the parties disagree over its existence or amount.
