1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phoenix [80]
2 years ago
7

Instead of canceling their contract, William, Laverne, and Laverne's mother, Irma, form another contract in which they all agree

that William will paint Irma's home instead of Laverne's. This new agreement is known as:
a. a breach of contract.
b. substantial performance.
c. a reformation.
d. a novation.

As I understand, it's one of the last two. Probably a novation,
Business
2 answers:
polet [3.4K]2 years ago
6 0

Answer:

yes it is novation

Explanation:

Veronika [31]2 years ago
6 0

Answer:

"D"

Explanation:

Novation is a term used in contract to describe a situation where the contractual rights and obligations of one party is transferred to the other party with the agreement of all parties involved.

It signifies the end of the initial contract and the commencement of a new one. It is either in writing or substantiated by the acts and conducts of the party.

It may come in different types as listed

  • No new person or parties involved
  • Requiring the intervention of a new party for the debtor
  • A new person taking over .

You might be interested in
Furnco manufactures desks and chairs. Each desk uses 4 units of wood, and each chair uses 3 units of wood. A desk contributes $4
marshall27 [118]

<u>Explanation</u>:

This is an example of a linear programming problem.

THE CONSTRAINTS

Let d, c represents number of desk and chair.

Marketing restrictions

c ≥ 2d; which can be written as

2d - c ≤0

Wood restriction

4d + 3c ≤ 20

OBJECTIVE FUCTION (MAX)

= 40d + 25c

Where d ≥ 0, c ≥ 0

With this details you can then find the solutions either graphically or using  any other linear programming solution methods.

5 0
3 years ago
The Anti-Federalists wanted to
Setler [38]
They wanted to ensure that the bill of rights was included in the constitution.
8 0
3 years ago
Read 2 more answers
Sigmund Jewelers creates inexpensive costume necklaces, bracelets, and rings. As a way to save costs on sending out these small
777dan777 [17]

Answer:

shipment consolidation

Explanation:

The primary aim of the consolidation of shipments is to evaluate cost control and cost control. The aggregation of shipments allows individuals or businesses to save costs thereby integrating several products from different shippers into one shipment.

Therefore in the given case, since the company wants to combine 10 to 12 different orders into one shipment so that the company could save the cost

Hence, the shipment consolidation is correct

6 0
3 years ago
According to liquidity preference theory, money supply and money demand are balanced by adjustments of
givi [52]

Answer:

Nominal Interest rate

Explanation:

According to liquidity preference theory, money supply and money demand are balanced by adjustments of Nominal Interest rate. Suppose you have some money, you will decide to either keep it in cash or in the bank. If you keep the money in cash, the opportunity cost of keeping in cash is the interest rate earned if you would have kept the money in the bank. Bank offers the nominal interest rates and not the real interest rates. Bank rates are not adjusted for inflation. So if the interest rate on money increases the opportunity cost of holding money in cash increases. If money supply in the economy increases the demand for money will increase only by reducing the interest rate because then only people fir hold cash and demand higher money.  So, money supply and money demand are balanced by adjustments of the Nominal Interest rate.

5 0
2 years ago
Two roadway designs are under consideration for access to a permanent suspension bridge. Design 1A will cost $1.7 million to bui
Vladimir79 [104]

Answer and Explanation:

A. Given that Design 1A will cost $1.7 million to build and $175,000 per year to maintain

Given that Design 1B will cost $3.6 million to build and $40,000 per year to maintain

Both designs are assumed to be permanent

To find ROR using AW based rate of return equation, we find present value of each design and equate them:

Each design is permanent so

Present value of perpetuity:

Design 1A= 1700000+175000/r

Design 1B = 3600000+40000/r

=1700000+175000/r=3600000+40000/r

135000/r=1900000

Cross multiply

r=135000/1900000

r= 0.0710

r=7.10%

B Given that ROR=7.10% and MARR is 25%

MARR>ROR

Hence we reject both designs

5 0
3 years ago
Other questions:
  • Which of the following is NOT a factor of production?
    11·2 answers
  • Which factor determines who a society will produce goods and services for?
    14·2 answers
  • The placing of direct materials into the production process is recorded by an entry debiting:_________.A. Materials Expense.
    5·1 answer
  • Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $120,5
    7·1 answer
  • While we talk about the stock market as if it were one big enity the reality is that there are many stock markets arouns the wor
    10·1 answer
  • The following information relates to a companyâs accounts receivable: gross accounts receivable balance at the beginning of the
    13·1 answer
  • Which of the following is NOT an incentive
    5·1 answer
  • Which of these is an example of qualitative data?
    15·1 answer
  • The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a(n) __
    11·1 answer
  • katie earns $2,000 per period. she contributes 6% per pay period to a 401(k) plan, $30 per pay period to a charitable contributi
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!