Question

Which of the following is true regarding whether an accepted offer to satisfy a debt by paying only part is consideration?

A. Partial payment is consideration under all circumstances.

B. Partial payment is not consideration under any circumstances.

C. Partial payment is consideration if a liquidated debt is involved.

D. Partial payment is consideration if an unliquidated debt is involved.

E. Partial payment is consideration only if a liquidated or unliquidated debt is involved.

Answer

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