Question: If a debtor and creditor settle a liquidated claim by the creditor allowing the debtor to pay an amount less than what is owed, then
If a debtor and creditor settle a liquidated claim by the creditor allowing the debtor to pay an
amount less than what is owed, then once the debtor pays the newly agreedupon amount,
the original debt is now satisfied and the balance of the original debt is no longer legally
owed.
True
False
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