Discuss the potential liability differences between a delegation and a novation


When an obligor delegates duties under a contract, the obligor is not relieved of the liability to perform the duty as promised. Thus, the obligee can sue the original obligor because of her liability under the original contract. Also the obligee can sue the delegatee directly because the obligee is a third party intended beneficiary with regard to the contract between the delegator and the delegatee. A novation is a three-way agreement where the obligee agrees to release the obligor from all liability and to substitute in the name of the delegatee, relieving the delegator from liability.

Business

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Which one of the following statements is true concerning assets?

a. They are recorded at market value and then adjusted for inflation. b. They are recorded at market value for financial reporting purposes as historical cost may be arbitrary. c. Assets are used using the time-period approach. d. Accountants use the term historical cost to refer to the original cost of an asset.

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Most publicly traded firms in the United States use the _________________________ method of depreciation for ______________ statement purposes

Fill in the blank(s) with correct word

Business

Which of the following generally characterizes the reporters that today's public relations practitioners must deal with?

A) They have no qualms about using anonymous sources. B) They are less aggressive and less opinionated. C) They are more aggressive and more opinionated. D) They seek the truth above all.

Business

In adjusted exponential smoothing, the closer beta is to ________, the stronger a trend is reflected

A) -1 or 1 B) -1 C) 0 D) 1

Business