Which of the following is true of an accord and satisfaction?Multiple ChoiceAs per common law, a debtor sending a check with "paid in full written on it does not create an accord and satisfaction.A debt must be liquidated for an accord and satisfaction to be enforceableIf a creditor inadvertently cashes a debtor's "paid in full check, the creditor can repay the debtor the same amount within 90 days toinvalidate an accord and satisfaction.A creditor agrees to accept as full payment, not less than he or she claims is owed, for an accord and satisfaction to be enforceable.

Debt is a term used to describe a financial responsibility or obligation that arises when one party,…

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