4 Written Questions
4 Multiple Choice Questions
- Agreement by all creditors to accept something less than the total amount of their claims in full satisfaction of a debtor's obligations.
- Refraining from doing what one has a right to do.
- Contractual situation in which a seller agrees to supply all the needs of a particular buyer.
- Specifies a time limit for bringing a lawsuit.
4 True/False Questions
Promisor → Person who makes a promise.
donor → Voluntary transfer of ownership of property without consideration.
legal value → Refraining from doing what one has a right to do.
gift → The person giving the gift