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.
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Answer the following statement true (T) or false (F)
Discuss why low-context cultures (like the U.S.) prefer linear organizational formats.
What will be an ideal response?
Which of the following is a not a reason for a business combination to take place?
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The net realizable value approach is used to account for scrap and by-products when the net realizable value is insignificant
Indicate whether the statement is true or false