In order to try a case a court must have jurisdiction:

For an offer to be accepted:

The courts will:

In a typical jury trial:

If there is more than one creditor and all agree to accept in full settlement only a fraction of the amount owed, the agreement will cancel the unpaid balance due them.

A contract is that is not for a lawful purpose to be achieved in a lawful manner:

Special federal courts:

When no time is specified in the offer, the reasonable time an offer is open:

A mutual mistake concerning a material fact:

A new contract replacing an old one is enforceable: