An accord and satisfaction:
A) Usually arises in settlement of a dispute under the original contract.
B) Can come into existence even if only one party wants it.
C) Discharges the original contract's duties upon reaching the accord.
D) Involves a third party in the contract.
A
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Answer the following statements true (T) or false (F)
Opinion is virtually unanimous that SFAC No. 5 on recognition and measurement is the low point of the conceptual framework.
A receiver is a disinterested person who collects and preserves the debtor's assets and income and disposes of them at the direction of the court which appointed the receiver
Indicate whether the statement is true or false
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