Rescission of a contract means
a. that the parties must make a new agreement discharging each other from rights and obligations under the original contract.
b. that the parties must enter into a novation.
c. that the parties must accept substantial performance.
d. all of these.
A
You might also like to view...
[APPENDIX] A decrease in deferred taxes (liability) would appear on the statement of cash flows, prepared using the indirect method as a(n)
a. addition to net income in the operating activities category. b. deduction to net income in the operating activities category. c. inflow of cash in the financing activities category. d. outflow of cash in the financing activities category.
Popular national brands are placed next to a manufacturer's brands in a store and look like them. This kind of brand is called a(n)
A. licensed brand. B. premium brand. C. copycat brand. D. generic brand. E. exclusive brand.
The following are the results of the least squares regression method which was run to separate the fixed and variable components of the Zulli Corporation's monthly factory utility costs using the number of products produced: y = 49,222.2992 + 5.09 x R2
= .97765 a) Assume Zulli budgets production of 5,400 units in June, what should budgeted utility costs be? b) Explain what R2 means. Is this equation a good predictor of utility costs?
An adequate ethical analysis of marketing must consider ________, those costs that are not integrated within the exchange of the buyer and the seller.
Fill in the blank(s) with the appropriate word(s).