Mike owes $12000 to Nora $6000 to Owen and $6000 to Pat.The three creditors ente

Mike owes $12000 to Nora $6000 to Owen and $6000 to Pat.The three creditors enter into an agreement with Mike to dischargethe debts on payment of a sum of $12000 to them to be dividedproportionately. This is called what? A.) a composition agreement.B.) a guaranty agreement. C.) a judicial lien. D.) a suretyshipagreement.