Which of the following refers to an agreement that substitutes a new party for one of the original contracting parties and relieves the existing party of liability on the contract?
A) novation
B) substituted contract
C) mutual rescission
D) accord
A
Business
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If it takes $0.18544 to purchase 1 French franc, then it takes 5.3926 francs to purchase $1.
a. True b. False
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A credit memorandum appeared on Arthur's September bank statement. How will Arthur treat this amount on the September bank reconciliation?
A) Add it to the company's balance. B) Add it to the bank balance. C) Deduct it from the company's balance. D) Deduct it from the bank balance.
Business
A covenant allows a landlord to evict a tenant if there is a violation of the lease
a. True b. False Indicate whether the statement is true or false
Business
All of the following are categories of torts EXCEPT
A) intentional torts. B) breach of contract. C) strict liability. D) negligence.
Business