Al contracted to sell his house to Bev. Subsequently, they both changed their minds and decided to cancel the contract. The contract between Al and Bev is discharged by
A. full performance.
B. agreement.
C. accord and satisfaction.
D. novation.
Answer: B
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Which of the following is an example of an innovation in operations management to gain a competitive edge?
a. the way work is organized b. hiring capable employees c. arranging for new sources of finance d. finding new ways of advertising
Business markets are typically divided into four categories. These categories are
A. retailers, wholesalers, services, and nonprofit firms. B. producer, manufacturer, reseller, and government. C. producer, reseller, government, and institutional. D. manufacturer, wholesaler, retailer, and services. E. reseller, retailer, government, and institutional.
The comparison of a company's financial condition and performance across time is known as:
A. Vertical analysis. B. Investment analysis. C. Horizontal analysis. D. Political analysis. E. Financial reporting.
Dreem Land Corporation and Earthbound Investments Company transfer their property to Financial Managers, Inc, which manages the property and distributes the profits to Dreem and Earthbound. This form of a business organization is A) a business trust
B) a joint stock company. C) a joint venture. D) a syndicate.