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Which of the following is an example of an unliquidated debt?

A promissory note for the sum of 10,000 to be repaid in 6 years at 5 interest.

A cell phone service contract for 29.99 per month.

A bill sent to homeowner by contractor for an additional 500 for cost overruns: owner claims he will pay only 250.

 

An installment sales contract for the purchase of a 5,000 mower with 200 down and the rest financed at 8 for 3 years.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91789477

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