An accord, by itself, does not discharge the original contract. The accord ________ the original contract until the accord is performed, i.e., satisfaction.

A. rescinds
B. novates
C. suspends
D. cancels


Answer: C

Business

You might also like to view...

A counseling service records the number of calls to their hotline for the last year. What is the forecast for July if the service uses a simple moving average of three periods?

Month Demand January 111 February 127 March 146 April 159 May 165 June 165 July 178 August 182 September 191 October 208 November 223 December 228 A) 169 B) 163 C) 157 D) 178

Business

The CAPM is a multi-period model that takes account of differences in securities' maturities, and it can be used to determine the required rate of return for any given level of systematic risk.

Answer the following statement true (T) or false (F)

Business

Which of the following provides marketers with a real-time digital dashboard so they can see tweet activity about a TV show, commercial, or brand?

A) Enhanced Profile Pages B) Amplify C) Lead Generation Cards D) Promoted Accounts

Business

While preparing its bank reconciliation, Maynard Company determined that its bank had collected a $650 account receivable for the company and deducted a $25 collection fee. Which of the following shows the effect of this transaction on the financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of Cash FlowsA.(25) NA (25)NA 25 (25)625 OAB.625 NA 625650 25 625650 OAC.(25) NA (25)NA 25 (25)650 OAD.625 NA 625650 25 625625 OA

A. Option A B. Option B C. Option C D. Option D

Business