When parties agree to discharge one party from a contract and create a new contract with another party who is to become responsible for the discharged party's performance, this is:
a. accord and satisfaction b. specific performance
c. novation
d. equitable remedy
e. equitable performance
c
You might also like to view...
Which of the following statements does not correctly describe an issue pertaining to the comparability of the cash flow statement across firms?
A. The proportion of leases treated as operating leases versus finance leases under ASC 842 varies substantially across firms. B. Companies selling their accounts receivable at year-end are distorting their cash flows in the current year relative to their competitors that do not sell their receivables at year-end. C. Companies that aggressively manage their working capital can't easily manage the short-run appearance of their operating cash flows relative to those companies that do not aggressively manage their working capital. D. GAAP requires computer software development companies to expense all software development costs until the software reaches technological feasibility. However, GAAP does not have any criteria for determining technological feasibility which therefore allows companies flexibility with respect to this determination.
The idea that workers are for working and managers are for thinking is characteristic of which leadership style?
a. Theory X b. Theory Y c. authoritative d. democratic
Pitching to bloggers
A) is a simple and straightforward process. B) is no different than pitching to traditional media outlets. C) can be a little different than pitching to traditional media outlets. D) requires no prior audience research. E) is never worth the time and effort of MPR professionals.
Under the negotiated price approach, the transfer price is the price at which the product or service transferred could be sold to outside buyers
Indicate whether the statement is true or false