1. This refers to the aggregate of distinctive mental and moral qualities of the debtor which indicates his willingness to pay.   a. Capacity b. Character c. Collateral d. Conditions

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
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1. This refers to the aggregate of distinctive mental and moral qualities of the debtor which indicates his willingness to pay.
 
a. Capacity
b. Character
c. Collateral
d. Conditions
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