Question: Discharging a contract by executing a new agreement with performance different from what was originally promised is a material breach. an accord and satisfaction. a

Discharging a contract by executing a new agreement with performance different from what was originally promised is
a material breach.
an accord and satisfaction.
a novation.
Discharging a contract by executing a new agreement with performance different

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $128,000. At that date, the fair value of Savers buildings and equipment was $20,000 more than the book...

Q:

Discharging a contract by executing a new agreement with performance different from what was originally promised is a . a novation. b . a material breach. c . substantial performance. d . an accord...

Q:

Wanda and Otto agree to discharge their contract by executing a new agreement with performance different from what was originally promised. They can best accomplish this by Question 1 6 Answer a . a...

Q:

Premier Membership Upgrade 3010-00Test 3 (page 21 of 45) Olivia contracts with Pinky to buy a credenza for $1,... Sign in to your account yu11 . Question 21 Not yet answered Marked out of 1.00 P Flag...

Q:

Discharging a contract by executing a new agreement with performance different from what was originally promised is a . a material breach. b . a novation. c . an accord and satisfaction. d ....

Q:

Discharging a contract by executing a new agreement with performance different from what was originally promised is a . a novation. b . a material breach. c . substantial performance. d . an accord...

Q:

Wanda and Otto agree to discharge their contract by executing a new agreement with performance different from what was originally promised. They can best accomplish this by Question 1 6 Answer a . a...

Q:

In a majority of states, a minor can avoid a contract if the minor can return all of the benefits received from the other party. True False 2 points QUESTION 2 When both parties are minors, neither...

Q:

B offered to sell a boat to C for $35,000. Cs response stated I accept your offer but I will also need the boat moved to my boat slip at the same marina. Is there a contract? If so what are the...

Q:

B offered to sell a boat to C for $35,000. Cs response stated I accept your offer but I will also need the boat moved to my boat slip at the same marina. Is there a contract? If so what are the...

Q:

Mesa County contracts with New Construct Inc. to build acourthouse. New Construct hires Odell to excavate the site. Odellswork damages adjacent properties. Mesa files a suit against theexcavator, who...

Q:

You have decided to place $287 in equal deposits every month at the beginning of the month into a savings account earning 10.35 percent per year, compounded monthly for the next 8 years. The first...

Q:

Give an example of how financial statements can be used internally by the managers of a company.

Q:

Differences can occur between the quantity of inventory recorded in the company s books and records and the actual inventory in the warehouse. All of the following are possible reasons the books...

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...