The process of settling a claim by the hands of the debtor offering to pay lesser than the actual amount claimed by the creditor can be regarded as an example of a release. Therefore, the option B holds true.
A release can be referred to or considered as a legal contract in written form, which consists of agreement between at least two parties involved in the contract to come to a settlement of lesser than what was the amount of adequate consideration. No legal claim can be made after a release contract has been exercised by both the parties involved in the transaction.
Learn more about a written contract here:
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