Partial payment of a liquidated debt may be valid consideration if which of the following occurs?

Multiple Choice

• The parties determine that the debt will be considered an expectation of future payment.
• Once the creditor accepts the proposed settlement, the creditor may still sue to collect the remaining amount due.
• The parties must both agree to substitute their original contractual obligations for new contractual obligations.
• Once the creditor accepts the proposed different performance, the debt is satisfied and the creditor may not collect anything else.