Question

If an accord agreement is breached:

A by the debtor, the creditor may sue on both the original contract and for breach of the accord agreement

B by the debtor, the creditor may sue either on the original contract or for breach of the accord agreement

C by the creditor by refusing to accept the performance agreed to in the accord, the debtor is entitled to punitive damages

D by the creditor by suing on the original contract, the debtor may immediately sue for damages for breach of the accord agreement

Answer 1

If an accord agreement is breached by the debtor, the creditor may choose to sue either on the original contract or for breach of the accord agreement.

Step-by-step explanation:

In the case of an accord agreement being breached by the debtor, the creditor may choose to sue either on the original contract or for breach of the accord agreement. They are not required to sue on both. So the correct option is B - by the debtor, the creditor may sue either on the original contract or for breach of the accord agreement.