Bill enters into a contract with Simon to rework the flooring in Simon's house. Bill later realizes that he will be unable to fulfill the terms of the contract and communicates this to Simon
Both parties agree that George will rework the floor instead of Bill as stated in the original contract. This type of discharge of contract is described as ________.
A) accord and satisfaction
B) novation
C) substituted agreement
D) compromise agreement
B
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The Big Mac Index is a measure of economic health in a country.
Answer the following statement true (T) or false (F)
Which of the following statements about diversification is correct?
A. Portfolio diversification reduces the variability of returns on an individual stock. B. When the company specific risk has been diversified, the inherent risk that remains is the market risk, which is constant for all securities in the market. C. A stock with a beta of ?1.0 has maximum nondiversifiable risk. D. When two perfectly positively correlated stocks with the same risk are combined, the portfolio risk is equal to the risk associated with the individual stocks. E. The systematic risk of a stock with a beta of zero is equal to its unsystematic risk.
Some investment projects require that a company increase its working capital. Under the net present value method, the investment and eventual recovery of working capital should be treated as:
A. irrelevant to the net present value analysis. B. both an initial cash outflow and a future cash inflow. C. a future cash inflow. D. an initial cash outflow.
Valuable documents are most likely to be shipped by which transportation mode?
a. Pipeline b. Air c. Rail d. Water carrier