A novation occurs when the parties to a contract agree to release one party from the contract and assign the duties to another party to form a new contract
a. True
b. False
Indicate whether the statement is true or false
True
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When deprived of opportunities to converse ______, we devise other means.
Fill in the blank(s) with the appropriate word(s).
The Fair Debt Collection Practices Act:
A. protects applicants from being discriminated on grounds of sex, marital status, race, color, religion, national origin, and age. B. prohibits harassment by debt collectors, including late-night phone calls and threats of violence. C. covers all retail stores, banks, or businesses that collect their own debts in their own name. D. ensures that information concerning a person's credit background supplied to his or her creditors is both up-to-date and accurate.
Cost containment practices by a firm would not be effective for cost increases caused by
a. inflation. b. a reduction in the quantity of an input purchased. c. normal seasonality. d. a reduction in the number of suppliers.
Some investing and financing transactions do not involve cash but appear on the statement of cash flows
Indicate whether the statement is true or false