When both parties agree that their contractual relationship should be terminated without performance and their obligations are discharged, this is:
a. rescission b. novation
c. accord and satisfaction
d. discharge by operation of law e. equitable remedy
a
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The formality, privacy, and familiarity of one’s ______ impacts interactions and reactions to others.
a. culture b. social context c. environment d. relationships
According to the authors of this text, if you want to excel and get promoted to a higher position in leadership, you need to
a. improve your communication with technology. b. avoid text messaging altogether. c. stay away from social media. d. all of the above
Explain the parol evidence rule
What will be an ideal response?
Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on August 31, its Cash account shows a debit balance of $20,662. Franklin's August bank statement shows $20,237 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit$6750?Outstanding checks$5400?Bank service fees, not yet recorded by company$125?The bank collected on a note receivable, not yet recorded by the company$1050? The adjusted cash balance should be:
A. $21,587 B. $20,537 C. $21,712 D. $14,837. E. $26,987