Which of the following is true of an accord and satisfaction? Multiple Choice As 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 enforceable If a creditor inadvertently cashes a debtor's "paid in full check, the creditor can repay the debtor the same amount within 90 days to invalidate 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.

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Which of the following is true of an accord and satisfaction?
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As 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 enforceable
If a creditor inadvertently cashes a debtor's "paid in full check, the creditor can repay the debtor the same amount within 90 days to
invalidate 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.
Transcribed Image Text:Which of the following is true of an accord and satisfaction? Multiple Choice As 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 enforceable If a creditor inadvertently cashes a debtor's "paid in full check, the creditor can repay the debtor the same amount within 90 days to invalidate 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.
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