Business, 07.03.2020 03:30 titofigueroa777

Morgan signs an installment loan contract with her banker. The contract specifies that Morgan will pay 3.00% interest every month on the borrowed amount of $50,000 for two years. Both Morgan and the banker know the precise amount of the total obligation. This is an example of:.
a. an accord.
b. a covenant not to sue.
c. satisfaction.
d. liquidated debt.

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Morgan signs an installment loan contract with her banker. The contract specifies that Morgan will p...

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