Question

Which of the following is true regarding a valid accord and satisfaction?

A. When amounts agreed upon are paid, the debt is fully discharged.

B. When amounts agreed upon are paid, the debt is fully discharged except for any late charges due under the original agreement.

C. When amounts agreed upon are paid, the debt is fully discharged except for any interest due under the original agreement.

D. When amounts agreed upon are paid, the debt is fully discharged except for any late charges and any interest due under the original agreement.

E. When amounts agreed upon are paid, the debt is fully discharged except for any late charges or interest due under the original agreement, or for attorney fees of the creditor that are due.

Answer

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