When one party makes a material change in the terms of the contract without the approval of the other party, the contract is discharged by
a. substantial performance.
b. accord and satisfaction.
c. alteration.
d. waiver.
C
You might also like to view...
A department with a positive direct operating margin should always be discontinued
Indicate whether the statement is true or false
A narrow mission is framed in terms of ______.
a. innovation b. a socially-based, core purpose c. a monetary goal d. excellence
In the product development process, what takes place between concept testing and market testing?
A. conducting marketing research B. securing financial backing C. determining potential ROI D. brainstorming E. product design
A fixed-overhead volume variance would normally arise when:
A. there is a fixed-overhead budget variance. B. budgeted fixed overhead is less than (or greater than) applied fixed overhead. C. actual hours of activity coincide with actual units of production. D. there is a variable-overhead efficiency variance. E. actual fixed overhead exceeds budgeted fixed overhead.