B a debt in which the existence or amount is in

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Chapter 12 / Exercise 80
Precalculus: Mathematics for Calculus
Redlin/Stewart
Expert Verified
b. a debt in which the existence or amount is in dispute.c. a debt disputed by the creditor but not the debtor.d. a debt undisputed by either party.
ANSWER:POINTS:DIFFICULTY:b1Difficulty:EasyNATIONAL STANDARDS: United States- BUSPROG: AnalyticSTATE STANDARDS: United States- NC- AICPA: BB-LegalTOPICS: KEYWORDS:A-Head: Settlement Of DebtsBloom's: Knowledge
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Chapter 12 / Exercise 80
Precalculus: Mathematics for Calculus
Redlin/Stewart
Expert Verified
25. A promise by Derkin Restaurants to buy all of the produce it needs this next year at an established price fromElfredo's Produce would be an:
aPOINTS: 1DIFFICULTY: Difficulty: ModerateNATIONAL STANDARDS: United States- BUSPROG: Analytic STATE STANDARDS: United States- NC- AICPA: BB-Legal TOPICS: A-Head: What Is Consideration? KEYWORDS: Bloom's: Comprehension26. Bernie owes an undisputed amount to Wilde's Heating & Air Conditioning. Which of the following is true?
aPOINTS: 1DIFFICULTY: Difficulty: ModerateNATIONAL STANDARDS: United States- BUSPROG: Analytic STATE STANDARDS: United States- NC- AICPA: BB-Legal TOPICS: A-Head: Settlement OfDebts KEYWORDS: Bloom's: Comprehension
27. Police Officer Paul apprehends a wanted criminal and then demands the \$10,000 reward offered by CrimeStoppers. Which of the following statements is true?
ANSWER:POINTS:DIFFICULTY:c1Difficulty:EasyNATIONAL STANDARDS: United States- BUSPROG: Analytic STATE STANDARDS: United States- NC- AICPA: BB-Legal TOPICS: A-Head: What Is Consideration? KEYWORDS: Bloom's: Comprehension28. If Rudy offers Oscar \$200 for his laptop valued at \$600 and Oscar agrees, a court will probably:a. set aside the agreement as being unfair.b. set aside the agreement because the consideration is inadequate.c. not set aside the agreement based on the adequacy of the consideration. d. not set aside the agreement because of the UCC.ANSWER:
cPOINTS: 1DIFFICULTY: Difficulty: ModerateNATIONAL STANDARDS: United States- BUSPROG: Analytic STATE STANDARDS: United States- NC- AICPA: BB-Legal TOPICS: A-Head: What Is Consideration?