Substituting a new third party for one of the original parties is a novation
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A rental cost of $20,000 plus $.70 per machine hour of use is an example of a mixed cost
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Today's advanced spell checkers are capable of identifying all spelling errors
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Under Sarbanes-Oxley, how often must the auditor partner in charge of an audit client be rotated?
a. Every year b. Every two years c. Every five years d. There is no rotation requirement.
In Crest Ridge Construction v. Newcourt, where an order for construction materials that Crest Ridge needed was rejected for failure to meet credit terms, and Crest Ridge had to find a higher-cost replacement and sued Newcourt for damages, the appeals court held that:
a. Newcourt was not liable for damages, even though there was sufficient evidence that the two companies had formed a contract under the definition found in the UCC b. Newcourt was not liable for breach of contract because there was not sufficient evidence that the two companies had formed a contract under the definition found in the UCC c. Crest Ridge was liable for breach of contract because it failed to inform Newcourt that it would not be able to pay before delivery d. Crest Ridge did not have a case because there was never any indication that they had formed a contract with Newcourt e. none of the other choices are correct