Al contracted to sell his house to Bev. Subsequently, they both changed their minds and agreed to cancel the contract. The contract between Al and Bev is discharged by
a. full performance.
b. rescission.
c. accord and satisfaction.
d. novation.
b
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Answer the following statements true (T) or false (F)
1.The expression "importance of being unimportant" suggests that if one nation is much larger than the other, the larger nation realizes most of the gains from trade while the smaller nation realizes fewer gains from trade. 2.An improvement in a nation's terms of trade occurs if the prices of its exports rise relative to the prices of its imports over a given time period 3.If a country's terms of trade worsens, it must exchange fewer exports for a given amount of imports. 4.If a country's terms of trade improves, it must exchange more exports for a given amount of imports. 5.The terms of trade represents the rate of exchange between a country's exports and imports.
All long-term investments are listed on the balance sheet at fair value
Indicate whether the statement is true or false
A finance lease is a three-party transaction
Indicate whether the statement is true or false
Churning occurs when a broker engages in excessive trading in a client's security account to generate more commissions for the broker
Indicate whether this statement is true or false.