Mark owes $2000 each to his business partners, Ryan, Bryan, and Clark. Since Mark is facing financial difficulties, his business partners agree to accept a total amount of $4800 from Mark as a cancellation of the unpaid balance due to them. This type of an agreement is known as a _____
A) composition of creditors
B) writ of certiorari
C) forbearance
D) promissory estoppel
A
Business
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What will be an ideal response
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________ is defined as the prices that would have been charged in independent transactions between unrelated parties
A) Predatory formula B) Relative price C) Nominal price D) Arm's-length formula
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